Gold settles below $ 1,200 and eyes on US jobs data

The price of gold settled Friday after the losses suffered by the extent of the previous two sessions with high stocks and the dollar while traders wait for the release of US jobs data, and the impact on the Federal Reserve’s policy on interest rates.

By 0644 GMT, the price of gold settled in online transactions with little at $ 1185.11 an ounce change ounce after losing 0.6 percent in the previous session. The metal is heading for a slight gain of 0.5 percent this week.

The dollar received support from strong data including undermined the attractiveness of the yellow metal as a safe haven. And which has a negative impact on the gold and also the stability of the stock bond markets on Thursday after a wave of sharp decline.

Among other precious metals, silver rose 0.2 percent to $ 16.34 an ounce.

The platinum price rose 0.15 percent to $ 1130.15 an ounce, while palladium price rose 0.2 percent to $ 779.22 an ounce.

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