Gold prices muted ahead of nonfarm payrolls, set for weekly losses

Investing.com — Gold prices kept to a small range on Friday as markets hunkered down ahead of nonfarm payrolls data that is likely to factor into monetary policy, with the yellow metal also headed for weekly losses as markets priced in higher interest rates.

Still, gold took some relief from data on Thursday that showed U.S. unemployment claims rose more than expected in the past week. The dollar fell from recent highs, while Treasury yields also retreated.

Spot gold was flat at $1,830.06 an ounce, while gold futures steadied at $1,835.25 an ounce by 20:15 ET (01:15 GMT). Both instruments rose around 0.9% on Thursday.

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