Gold near $ 1,200 and is heading for a weekly loss
Gold near $ 1,200 and is heading for a weekly loss
03/06/2015 09:16 GMT
BAGHDAD – and babysit – stabilized gold below $ 1,200 an ounce on Friday, and is heading to incur a fifth weekly losses in six weeks with the approach of the dollar from its highest level in 11 years, on expectations for the release of strong data on US jobs, and raise interest rates.
The price of gold settled in online transactions with little at $ 1198.40 an ounce, after dropping over four consecutive sessions through Thursday change, the yellow metal fell about 1 percent since the beginning of the week.
The dollar shaved at its highest level in 11 years against a basket of major currencies in early trade on Friday, in light of expectations for the issuance of a strong report.
Among other precious metals, silver fell 0.25% to $ 16.12 an ounce.
The platinum price rose 0.56% to $ 1181.05 an ounce, while palladium price increased 0.58% to $ 828.5 an ounce.
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