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Gold slips before US payrolls data, set for second weekly loss
Gold prices fell on Friday and were on track for a second straight weekly decline, pressured by a firmer US dollar and elevated Treasury yields, while investors awaited key US payrolls data for clues on the Federal Reserve’s policy path. Spot gold fell 0.6% to $4,154.78 per ounce by 0205 GMT and was down more than 3% for the week so far. US gold futures lost 0.4% to $4,184.00. The US dollar was headed for a weekly gain, making greenback-priced metals more expensive for holders of other currencies, while yields on 10- and 30-year Treasuries hit their highest levels since 2002 on Thursday....
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