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Gold will Likely Fall for the Second Time this Week

Gold will Likely Fall for the Second Time this Week Gold prices rose higher on Friday, but were set to fall for the second week in a row, as market players awaited U.S. payrolls data, which is likely to provide clues about the path of interest rate cuts. Gold prices increased 0.3% to $2,638.66 per …

Gold will Likely Fall for the Second Time this Week

Gold prices rose higher on Friday, but were set to fall for the second week in a row, as market players awaited U.S. payrolls data, which is likely to provide clues about the path of interest rate cuts.

Gold prices increased 0.3% to $2,638.66 per ounce by 0346 GMT, after hitting a low since November 26 earlier in the session. Prices are down roughly 0.4% this week.

US gold futures increased 0.5% to $2,661.00.
Spot silver fell 0.1% to $31.3 per ounce, but still up over 2% for the week.

Platinum increased 0.6% to $944.25, while palladium increased 1.5% to $977.25. Both metals are poised for a second consecutive weekly loss.

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