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Gold and gold futures up, Silver down 0.7%

ByVictoria

Gold prices rose on Friday as investors turned to the safe-haven asset after United States President Donald Trump imposed fresh tariffs on a broad range of countries, while the market’s focus shifted to the U.S. non-farm payrolls report.

Spot gold was up 0.3% at $3,299.54 per ounce, as of 1119 GMT. However, bullion is down 1.4% so far this week.

U.S. gold futures rose 0.1% to $3,351.40.

“The incoming US jobs report may also trigger another big move for gold. Another demonstration of resilience by the U.S. jobs market could send gold southbound towards $3,200,” Han Tan, chief market analyst at Nemo.Money.

Spot silver fell 0.7% to $36.49 per ounce, platinum lost 1.6% at $1,269.27 and palladium was down 1.7% at $1,170.35.

Source – Reuters

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