Analysis: Weaker Dollar Boosts Gold Prices, Non-Farm Payrolls May Support Gold's Rise
Gold futures rose in light trading as the dollar and U.S. Treasury yields declined, but overall fell this week due to Thursday's sell-off. SP Angel analysts reported that ETF outflows indicate traders have taken profits after gold rose 21% this year. Eased trade tensions and Trump's statement not to fire Powell have weakened gold's appeal. The market is focusing on Friday's non-farm payroll data, which, if below expectations, could boost the Federal Reserve's rate cut expectations, benefiting non-yielding gold. (Jin10)
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