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.
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…