Gold prices face worst week in month on strong U.S. data
- Date: 30-Apr-2021
- Source: Zawya
- Sector:Oil & Gas
- Country:Middle East
Gold prices face worst week in month on strong U.S. data
Gold prices dipped on Friday, set for their worst week in a month, as U.S. Treasury yields gained on strong economic data and dented the non-yielding metal's appeal, while palladium came off the record high marked in the previous session.
Spot gold was down 0.1% at $1,770.41 per ounce by 0626 GMT, dropped 0.3% so far in the week. U.S. gold futures were steady at $1,769.00 per ounce.