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Gold Drops to 2-Month Low Gold
fell to a two-month low as it moved within a narrow range on Friday as the dollar rallied to a seven-week high ahead of important US jobs data.
By 07:05 GMT, gold was little changed to settle at $ 1267.71 an ounce after hitting its lowest level since August 9 at the session.
The yellow metal has fallen 0.9 percent since the beginning of the week and is heading for its fourth consecutive weekly loss.
Gold in US futures futures for December delivery fell 0.2 percent to $ 1270 an ounce. Asian stocks rose after Wall Street gains, and the dollar touched a seven-week high against a basket of currencies, supported by new signs of economic growth and hopes for progress. In US tax reforms, while traders look at US jobs data in search of short-term stimuli.
Job data for September is expected to show a slowdown due to the impact of hurricanes Harvey and Arma.
Markets are largely expecting the Federal Reserve to raise interest rates in December for the third time this year.
Riyadh
oil rises, supported by a possible extension of the agreement to reduce production
Oil prices rose nearly 2 percent, boosted by signs that Saudi Arabia and Russia are ready to extend a production cuts by the end of next year, pushing US crude back above $ 50 a barrel. And the resumption of production in a major oil field in Libya. Brent crude futures contract Brent crude for the nearest session maturity of $ 1.20 or 2.15 percent to settle at $ 57 a barrel.
Gold Drops to 2-Month Low Gold
fell to a two-month low as it moved within a narrow range on Friday as the dollar rallied to a seven-week high ahead of important US jobs data.
By 07:05 GMT, gold was little changed to settle at $ 1267.71 an ounce after hitting its lowest level since August 9 at the session.
The yellow metal has fallen 0.9 percent since the beginning of the week and is heading for its fourth consecutive weekly loss.
Gold in US futures futures for December delivery fell 0.2 percent to $ 1270 an ounce. Asian stocks rose after Wall Street gains, and the dollar touched a seven-week high against a basket of currencies, supported by new signs of economic growth and hopes for progress. In US tax reforms, while traders look at US jobs data in search of short-term stimuli.
Job data for September is expected to show a slowdown due to the impact of hurricanes Harvey and Arma.
Markets are largely expecting the Federal Reserve to raise interest rates in December for the third time this year.
Riyadh
oil rises, supported by a possible extension of the agreement to reduce production
Oil prices rose nearly 2 percent, boosted by signs that Saudi Arabia and Russia are ready to extend a production cuts by the end of next year, pushing US crude back above $ 50 a barrel. And the resumption of production in a major oil field in Libya. Brent crude futures contract Brent crude for the nearest session maturity of $ 1.20 or 2.15 percent to settle at $ 57 a barrel.
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