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Precious metals: The price of gold in a narrow range

06/10/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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While investors refrained from making major bets ahead of the U.S. non-farm employment data, the price of gold remained in a tight range on Friday, hovering around its lowest levels in seven months.

U.S. gold futures rose 0.2% to $1,834.80. While high Treasury yields and a firm dollar reduced bullion's appeal, spot gold remained stable at $1,820.60 per ounce at 0940 GMT, but was on track for a second consecutive week of decline, down 1.5% since the start of the week.

Cash gained 0.4% at $20.97 per ounce, platinum rose 0.2% to 855.79 dollars, and palladium strengthened 0.7% to 1,149,117 dollars after reaching a low of 5 years earlier in the session.

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