Gold prices rose on Friday after the American dollar weakened, with investors awaiting the U.S. jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases, although for the week, the metal was headed for its first decline in four.
Spot gold rose 0.2% to $1,813.15 U.S. per ounce, and was down 0.2% on a weekly basis.
U.S. gold futures were up 0.2% at $1,815.50.
The dollar index fell to a one-month low, bolstering gold’s appeal to those holding other currencies. The greenback was headed for second straight weekly decline.
Ahead of the U.S. Labor Department’s non-farm payrolls report, due at 8:30 a.m. EDT, data showed the number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their lowest level in more than 24 years in August.
In other metals, silver rose 0.2% to $23.92 U.S. per ounce.
Platinum edged 0.2% higher to $1,001.36 U.S. Palladium climbed 0.3% to $2,406.65 U.S.
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