Gold prices set for first weekly rise in a month as investors scale back Fed rate hike bets

Gold heads for first weekly gain since May on easing Fed outlook

Soft US job numbers and lower energy prices have led investors to scale back bets on monetary policy tightening, which tends to be a headwind for non-yielding gold.

Gold prices set for first weekly rise in a month as investors scale back Fed rate hike bets

The metal was boosted as investors scaled back their bets on a looming rate hike.

Gold heads for first weekly rise in five on easing Fed rate-hike bets

GOLD rose more than 1% on Friday and was set for its first weekly gain in five, as investors dialled back expectations for U.S. rate hikes following softer-than-expected jobs data.

Gold Heads for First Weekly Gain in Five Weeks

Gold rose more than 1% on Friday and is on track to post its first weekly gain in five weeks, as weaker-than-expected U.S. employment data reduced investor expectations of further interest rate hikes by the U.S. Federal Reserve.