Bengaluru : Gold prices rose for a third straight session on Friday as the dollar slipped further from 2018 highs, while investors turned their focus to the upcoming U.S. jobs data for fresh catalysts.
Spot gold had risen by 0.2 percent to $1,313.46 per ounce by 0405 GMT, but was headed for a third consecutive weekly decline. U.S. gold futures for June delivery rose 0.1 percent to $1,313.90 per ounce.
The dollar eased after Thursday´s profit-taking and that helped gold find some support, a Hong Kong-based trader said.
"People are finding some comfort in buying at these levels heading into the weekend with potential risk of these Chinese talks maybe collapsing," he said.
The dollar index was about 0.1 percent lower at 92.367, moving further away from a 2018 peak of 92.834 hit on Wednesday.
Asian shares stepped back as financial markets turned their attention to the U.S. payrolls data due later in the day.
An image from the MoU signing ceremony between Zindagi and PostEx.— LinkedIn@zindigi/File KARACHI: Zindigi, in...
The representational image shows a person holding gold necklaces. — AFP/FileKARACHI: Gold prices decreased by...
Pakistan and China flags can be seen in this image. — Xinhua/FileKARACHI: A high-level delegation from Pakistan’s...
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their...
In this image, a man can be seen working in a textile factory in Pakistan. — AFP/FileLAHORE: The slow growth in...
Fishmonger Yasushi Miyamoto, 70, prepares local delicacy, bonito seared over a hay fire, in Ino, Kochi Prefecture,...