Gold fell slightly on Friday. A report on Stronger than expected employment in the United States reinforced expectations according to which the American Federal Reserve (Fed) will refrain from reducing its interest rates at its December meeting.

The spot gold price fell 0.1% to $4,072.87 per ounce at 02:42 GMT. Gold Futures Contracts American for delivery in December increased by 0.3% to $4,071.90 USD per ounce. According to “gold prices are in the phase of consolidation for the moment, and we can see that the dollar has risen sharply reinforced. Behind this, there is a lot of speculation about the chase or No rate cuts by the Fed.”

Elsewhere on the market, spot silver fell by 0.5% to $50.35 US per ounce, platinum increased by 0.4% to US$1,521.41, while palladium remained stable at $1,377.50 USD