Gold on track for best week in six months as dollar weakens
All eyes on US jobs data report as gold gains nearly 3% so far this week
07 May 2021 - 08:19
Gold prices rose to a two and a half month high on Friday and were on track for their best week in six months, boosted by a weaker dollar and a pullback in Treasury yields as investors cautiously await a US non-farm payrolls report due later in the day.
Spot gold was up 0.3% at $1,820.35/oz at 5.24am GMT, after hitting its highest since February 16 earlier in the session. Bullion is up nearly 3% so far this week...
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