Gold set for modest weekly rise and dollar recovery
Gold prices declined today by 0.1% to $4,467.30 per ounce in spot transactions, but are on track to achieve slight weekly gains as investors await U.S. non-farm payroll data that could keep interest rates steady if inflation shows signs of slowing. Meanwhile, the dollar rose by 0.37% to 99.33 against a basket of currencies after data showed that 162,000 jobs were added in August—well above analysts' expectations—boosting the likelihood of stable U.S. interest rates.
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