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Precious metals: gold is going to have its worst week in six years

04/08/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The gold price is about to have its worst week in six years. Investors are gearing up for a closely watched U.S. jobs report, after a series of solid economic data this week that have driven Treasury yields to nine-month highs

.

Gold prices have fallen by more than 1% since the start of the week. They slipped to their lowest level since July 11 during the last session. At 04:12 GMT, U.S. gold futures rose 0.1% to $1,970.30, while spot gold was little changed at $1,935.07

per ounce.

In addition, palladium fell 0.9% to $1,247.76. Spot silver fell 0.2% to $23.51 per ounce and platinum remained stable at $914.17

.
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