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Find all the economic and financial information on our Orishas Direct application to download on Play StoreGood U.S. employment data has strengthened the Federal Reserve's bet on higher and longer interest rates. As a result, the price of gold rose slightly on Friday. However, it is on track to suffer a fourth consecutive weekly loss.
Spot gold was up 0.3% at $1,915.79 per ounce at 0902 GMT, with analysts attributing the small increase to bargain hunting. U.S. gold futures rose 0.3% to $1,921.80
.Investors are now waiting for the Labor Department's employment report for further confirmation of the Fed's likely strategy. A Reuters survey of economists showed that the number of non-farm jobs likely increased by 225,000 last month, after rising by 339,000 in May.
Cash was down 0.2% to $22.71 per ounce, platinum up 0.7% to $908.09, and palladium down 0.9% to $1,230.12 (Seher Dareen Bengaluru report; Jason Neely edition).
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