While waiting for employment figures to be released in the United States, gold prices are going down on Friday. Investors are still waiting for the report on non-farm jobs in the United States.

Before the fixed path of the Federal Reserve's rate tightening cycle, spot gold was down 0.1% at $1,828.90 per ounce, starting at 0334 GMT. U.S. gold futures also fell 0.1% to $1,832.90. The bullion is likely to fall this week and is down around 1.4% for the period.

Hareesh V, head of commodity research at Geojit Financial Services, explains the situation by the recent Hawkish comments of the US Fed Chairman, the recovery of the greenback, and the alleviation of recession fears in many economies.

Cash, on the verge of its worst week since mid-October 2022, lost 0.6% to $19.95 per ounce. Platinum lost 1% to 935.05 dollars and palladium fell by 0.6% to 1,380.89 dollars. It is also on the verge of a weekly decline.