Gold firms amid steady dollar
Saturday, 4 November 2017
Gold firmed on Friday but stuck to a narrow range below the previous session's highs as the dollar steadied amid caution ahead of US jobs data later in the day, reports Reuters.
Spot gold edged up 0.1 per cent to $1,276.56 per ounce at 0545 GMT, and was on track for its first weekly gain in three. It hit its highest in about two weeks, at $1,284.10, in the previous session.
US gold for December delivery dipped 0.1 per cent to $1,277.50.
The dollar held steady versus a basket of currencies on Friday, as focus shifted to US jobs data, with President Donald Trump's nomination of Federal Reserve Governor Jerome Powell to be the next Fed chair coming as no surprise.
The greenback had slipped on Thursday after Republicans in the US House of Representatives released proposals to overhaul the tax code.