Gold set for worst week in more than two months; US jobs data eyed

Gold set for biggest weekly drop since February as trade fears ease

WASHINGTON: Gold prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered safe-haven demand, while the market's focus shifted to the US non-farm payrolls report, due later in the day. Spot gold was steady at $3,239.15 an ounce as of 0206 GMT. Gold has lost more than 2 per cent so far this week, the steepest weekly fall since late February. US gold futures rose 0.8 per cent to $3,…

Gold set for worst week in more than two months; US jobs data eyed

GOLD prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered safe-haven demand, while the market’s focus shifted to the US non-farm payrolls report, due later in the day.

In times of economic uncertainty, geopolitical tensions, and fluctuating financial markets, many investors reflect on classic values – above all gold and silver. The two precious metals are currently celebrating a remarkable comeback. But why are they now considered so attractive again? When markets are shaken and confidence in currencies or equity markets declines, investors are looking for stability. This is where gold and silver come into pla…

Gold slides below $3,300 as Trump's trade talk signals dampen demand for safe haven asset - Türkiye Today

Gold prices extended their sharp losses for a third consecutive session on Thursday during the Asian trading hours, retreating below $3,300, as hopes for trade negotiations between the United States and key partners diminished the metal’s safe haven appeal. As of 8:20 a.m., spot gold dropped 1.6% to $3,234 per ounce, marking its lowest level since April 16. June gold futures also fell, losing 2.1% to trade at $3,248.64 per ounce. A candlestick c…