Gold gains as global equities pull back push demand; US jobs data in focus

Topics Gold Prices


By Brijesh Patel (Reuters) - Gold prices rose on Friday, as U.S. Treasury yields fell and a pullback in global equities bolstered demand for the safe-haven metal ahead of the U.S. non-farm payrolls report. Spot gold was up 0.3% at $1,935.84 per ounce by 0304 GMT, after falling to a near one-week low on Thursday.

Bullion prices have declined 1.5% so far this week. U.S. gold futures rose 0.2% to $1,941.80. "It's a bit of flight to safety right now we are seeing in gold because the stock markets are lower," said.

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