Gold futures settled lower on Friday, but notched a second straight weekly gain. A “stronger U.S. jobs report means talks about the [Federal Reserve] potentially pivoting [away from interest-rate hikes] have all but ended,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. “The dollar is thus likely to remain supported on the dips, with investors also likely to be discouraged from the stock and gold markets, with the latter particularly looking less attractive because of the fresh breakout in bond yields.” Gold for December delivery GCZ22,
Brent makes another attempt to regain ground against the USD
Brent prices are trying to form a correction after the decline, with the target at the 76.00 resistance level. Find out more in our analysis
