Gold off One-Year Highs as Dollar Firms Ahead of US Payrolls Data

Gold prices retreated from one-year highs on Thursday as the dollar regained some ground, while investors awaited the US non-farm payrolls report to gauge the Federal Reserve’s monetary policy strategy.

Spot gold was down 0.3% at $2,014.26 per ounce, after hitting its highest since March 2022 on Wednesday. US gold futures fell 0.3% to $2,029.80.

Spot silver shed 0.7% to $24.81 per ounce, platinum rose 0.5% to $1,001.67 and palladium fell 0.2% to $1,426.95. (QNA)

Source: Qatar News Agency

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