KONTAN.CO.ID - NEW DELHI. Gold prices fell on Friday as a stronger U.S. dollar negated safe-haven demand triggered by a lack of progress in Russia-Ukraine peace talks, while investors cautiously awaited U.S. jobs data that could provide cues on policy tightening. Spot gold was down 0.4% at $1,930.16 per ounce by 0719 GMT, and on course to end the week more than 1% lower. U.S. gold futures fell 0.9% to $1,936.20. "(Gold is not showing any) signs of weekend haven-buying, another ominous sign, especially as the U.S. dollar continues to rally today," said OANDA senior analyst Jeffrey Halley.
Gold Eases as Dollar Strengthens Ahead of U.S. Data
KONTAN.CO.ID - NEW DELHI. Gold prices fell on Friday as a stronger U.S. dollar negated safe-haven demand triggered by a lack of progress in Russia-Ukraine peace talks, while investors cautiously awaited U.S. jobs data that could provide cues on policy tightening. Spot gold was down 0.4% at $1,930.16 per ounce by 0719 GMT, and on course to end the week more than 1% lower. U.S. gold futures fell 0.9% to $1,936.20. "(Gold is not showing any) signs of weekend haven-buying, another ominous sign, especially as the U.S. dollar continues to rally today," said OANDA senior analyst Jeffrey Halley.