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Gold prices rise in anticipation of US labor market data

Business 16:56 06 Jan, 2023
Gold prices rise in anticipation of US labor market data

Gold prices rose moderately on Friday after a sharp fall in the previous session. Investors are waiting for the release of data on the US labor market, which may affect the future policy of the Federal Reserve System (Fed), Qazet.az reports.

Spot gold price rose 0.1% to $1,834.79 an ounce after dropping 1.1% on Thursday. Over the past week, gold prices rose by about 0.6%.

Gold futures on the COMEX traded on a flat line at $1,839.70 per ounce.