Gold drops ahead of new economic data

Gold fell today, Friday, from near its record highs, as investors await more economic indicators, but it is still on its way to recording its best week in nearly two months, as hopes of halting interest rate hikes in the United States and banking problems increased demand for gold. safe haven.

By 0801 GMT, spot gold fell 0.5 percent to $ 2040.10 an ounce, but it rose more than two percent during the week. US gold futures fell 0.3 percent to $ 2,048.60 an ounce.

According to Reuters, prices jumped on Thursday to $2,072.19

Investors are awaiting the announcement of more economic data, including the non-farm payrolls data in the United States at 1230 GMT.

As for other precious metals, silver fell in spot transactions by 0.6 percent, to $ 25.91 an ounce. Platinum fell 0.1 percent to $1,038.52 an ounce. Palladium rose 0.2 percent to $1,450.59 an ounce.