And gold fell in spot transactions 0.8 percent to $ 1921.86 an ounce (ounce) by 1753 GMT.
And US gold futures fell 1.6 percent when settling to $ 1923.70.
And job data in the United States showed that the unemployment rate fell to its lowest level in two years at 3.6 percent, and wage growth accelerated once more, which reinforced the motives Federal Reserve Board to raise interest rates by 50 basis points in May.
The data supported gains in the benchmark 10-year US Treasury yields and the dollar, which makes gold less attractive to overseas buyers.
Bart Melek, head of commodity strategies at DD Securities, said expectations of a higher Interest rate You push gold down, because that translates to a higher cost of owning gold that doesn’t pay off.
But he added that "(Fed) policy has a long way to go to be neutral… and gold will still be fairly high".
Meanwhile, negotiations to end the five-week-old war between Russia and Ukraine are expected to resume even as Ukraine braces for more attacks.
(ANZ) said in a note "While geopolitical crises do not last forever, we expect the secondary effects of the Russian-Ukrainian crisis to provide a strong level of support for prices gold This year".
Platinum fell 0.1 percent to $982.17, while palladium rose 0.4 percent to $2,269.63. The two metals are heading for their fourth consecutive weekly loss.
Silver fell in spot transactions 0.9 percent to $ 24.55 an ounce, and lost 3.8 percent this week.
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And gold fell in spot transactions 0.8 percent to $ 1921.86 an ounce (ounce) by 1753 GMT.
And US gold futures fell 1.6 percent when settling to $ 1923.70.
And job data in the United States showed that the unemployment rate fell to its lowest level in two years at 3.6 percent, and wage growth accelerated once more, which reinforced the motives Federal Reserve Board to raise interest rates by 50 basis points in May.
The data supported gains in the benchmark 10-year US Treasury yields and the dollar, which makes gold less attractive to overseas buyers.
Bart Melek, head of commodity strategies at DD Securities, said expectations of a higher Interest rate You push gold down, because that translates to a higher cost of owning gold that doesn’t pay off.
But he added that “the (Federal Reserve) policy has a long way to go to be neutral … and gold will remain somewhat elevated.”
Meanwhile, negotiations to end the five-week-old war between Russia and Ukraine are expected to resume even as Ukraine braces for more attacks.
“While geopolitical crises do not last forever, we expect the secondary effects of the Russian-Ukrainian crisis to provide a strong level of support for prices,” ANZ said in a note. gold This year”.
Platinum fell 0.1 percent to $982.17, while palladium rose 0.4 percent to $2,269.63. The two metals are heading for their fourth consecutive weekly loss.
Silver fell in spot transactions 0.9 percent to $ 24.55 an ounce, and lost 3.8 percent this week.
