Gold Declines, Set for Slight Weekly Drop

Gold prices fell on Friday and are heading for a weekly decline after stronger-than-expected U.S. employment data reinforced expectations that the Federal Reserve will not cut interest rates at its December meeting.اضافة اعلان

Spot gold slipped 0.2% to $4,062.79 per ounce, while the precious metal has dropped 0.3% so far this week.
U.S. gold futures for December delivery edged up 0.2% to $4,068.10 per ounce, according to CNBC.

Among other precious metals:

Silver fell 0.4% to $50.39 per ounce.

Platinum rose 0.4% to $1,517.95.

Palladium gained 0.3% to $1,381.22.