Commodities

Gold slips before US payrolls data, set for second weekly loss

• Gold prices are poised for a second consecutive weekly decline amid a stronger US dollar and rising Treasury yields
• Gold weakness can reduce collateral values for Indian gold-loan lenders

Gold price today: Precious metal slips ahead of US Jobs data; MCX closed for Gandhi Jayanti

• Gold fell 0.6% to $4,154.78 an ounce ahead of US jobs data
• A stronger US dollar and elevated Treasury yields pressured bullion; MCX was closed for Gandhi Jayanti
• Lower bullion prices may weigh on Indian gold producers and jewellery stocks

Gold steadies as stronger dollar, higher yields weigh; U.S. jobs data awaited

Gold Falls; U.S. Dollar, Yields Key Obstacles for Price Gain

• Gold fell as the US dollar and Treasury yields impeded a return to its broader bullish path
• Gold weakness can reduce collateral values for Indian gold-loan lenders

Gold struggles as firm USD caps upside ahead of US NFP report