Spot gold, which monitors real-time trades in bullion, plunged by 1.75%, to close at $1,684.21.
Gold fell on Friday morning to $1,717.10. as global investors await the release of Friday’s U.S non-farm payrolls data for May
Spot gold gained 0.9% to $1,741.61 per ounce by 8 am Nigerian local time, while U.S. Gold futures gained 0.3% to trade at $1,757.50
Gold prices jumped on Friday as China and America’s drift deepened over further moves by China to impose security laws on Hong Kong
Gold futures fell 1.70% to $1,706.06 by 4 pm local time, with global investors retreating from the pullback from gold after hopes were strengthened
Gold futures dropped by 0.47% at $1,7278.23 by 14.00 pm local time, with the commodity unable to hold most of its gains from the previous session.
All eyes are now set on silver as its prices started with huge follow-through buying after a convincing breakout this week.
In times of economic uncertainty, gold is touted as a safe haven for those who are wary of volatile investments such as stocks, as it is...
Global investors rushed for the gold after mixed results coming from China’s economic data as well as the huge upsurge in jobless claims in America.
The world’s most popular digital coin has been having a good run, outperforming gold prices by +0.86% in the last 12 months.