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Gold prices hit 2-week low before economic data

Isaac UmunnaComment(0)

Gold prices on Friday slumped below their weakest level in two weeks, coinciding with a steady US dollar and ahead of important economic data.

By 10:45 am GMT, Comex gold futures slipped by 0.11% to $1,327 per ounce, dipping below their two-week low. The decline came amid growing trade tensions between US and China and ahead of the US Jobs report due later in the day.

Meanwhile, the EUR/USD last remained steady at $1.2240, while the dollar index inched down by around 0.05% to 90.414. Mubasher

Isaac Umunna

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