Gold prices decline, heading for a weekly loss

Gold prices fell slightly during today’s trading and are heading for a weekly loss, amid a stronger dollar following US President Donald Trump’s imposition of new tariffs on dozens of countries, and amid anticipation of the release of the US jobs report later today.

In trading, gold futures fell about 0.2% to $3,343.4 per ounce. Spot gold rose less than 0.1% to $3,290.74 per ounce.

The dollar index rose less than 0.1%, hovering near its two-month high reached yesterday, Thursday, making gold more expensive for holders of other currencies.