Gold Slightly Declines and Heads for Weekly Loss

SadaNews Economy - Gold prices slightly declined during trading on Friday, heading for a weekly loss amid a rise in the dollar following U.S. President Donald Trump's imposition of new tariffs on dozens of countries, and with anticipation of the release of the U.S. jobs report later today.

In trading, gold futures fell by about 0.2% to $3343.4 per ounce, while the spot price rose by less than 0.1% to $3290.74 per ounce, according to CNBC.

The dollar index rose by less than 0.1% to hover near a two-month high recorded yesterday, making gold more expensive for holders of other currencies.

Regarding other metals, silver prices in spot transactions fell by 1.4% to $36.61 per ounce, marking its lowest level since June 7.

Platinum prices dropped to their lowest point since July 24, declining by 2.1% to $1285.20, while palladium fell by about 2% to $1181.49, its lowest level in over two weeks.