KONTAN.CO.ID - MELBOURNE. Gold steadied on Friday, with U.S. jobs data due later in the day, even as the metal was set for its biggest weekly drop since late November, weighed down by firmer bond yields as traders braced for sooner-than-anticipated rate hikes by the U.S. Federal Reserve. Spot gold was little changed at $1,789.00 per ounce by 0757 GMT after falling for two straight sessions, putting it on course for a weekly drop of about 2.1%. U.S. gold futures were little changed at $1,788.10.
Gold Set for Biggest Weekly Fall Since Late November
KONTAN.CO.ID - MELBOURNE. Gold steadied on Friday, with U.S. jobs data due later in the day, even as the metal was set for its biggest weekly drop since late November, weighed down by firmer bond yields as traders braced for sooner-than-anticipated rate hikes by the U.S. Federal Reserve. Spot gold was little changed at $1,789.00 per ounce by 0757 GMT after falling for two straight sessions, putting it on course for a weekly drop of about 2.1%. U.S. gold futures were little changed at $1,788.10.