KONTAN.CO.ID - BENGALURU. Gold dipped nearly 2% on Friday, snapping its record-breaking rally, after a slightly better-than-expected U.S. jobs report boosted the dollar, but a worsening pandemic kept prices on track for their longest streak of weekly gains in about a decade. Spot gold fell 1.5% to $2,031.69 per ounce by 10:39 a.m. EDT (1439 GMT), after hitting a record high of $2,072.50. It has added 2.8% so far this week for what would be its ninth straight weekly gain. U.S. gold futures slipped 1.5% to $2,031.69.
Gold's record breaking rally halts as dollar strengthens
KONTAN.CO.ID - BENGALURU. Gold dipped nearly 2% on Friday, snapping its record-breaking rally, after a slightly better-than-expected U.S. jobs report boosted the dollar, but a worsening pandemic kept prices on track for their longest streak of weekly gains in about a decade. Spot gold fell 1.5% to $2,031.69 per ounce by 10:39 a.m. EDT (1439 GMT), after hitting a record high of $2,072.50. It has added 2.8% so far this week for what would be its ninth straight weekly gain. U.S. gold futures slipped 1.5% to $2,031.69.