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Gold Falls 1% as Oil Prices Rebound Ahead of US Payrolls Data

Spot gold fell 1% to $4,047.19 per ounce by 0718 GMT on Friday as oil prices rebounded. Investors awaited US payrolls data later in the day.

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By Sukanya MitraGold prices slipped on Friday as oil prices rebounded, fanning inflation worries and higher-for-longer interest rate expectations, while investors awaited key US payrolls data later in the day.Spot gold TVC:GOLD fell 1% to $4,047.19 per ounce by 0718 GMT, but was on track for its be…

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