LONDON: Gold edged higher on Friday, shrugging off data showing rising US job numbers, with analysts saying that an expected rise in interest rates had already been priced in.
Spot gold rose 0.3pc to $1,174.88 an ounce by 1454 GMT. The metal fell to its lowest since Feb 5 at $1,160.38 in the previous session and is on track to record a fourth straight week of losses. US gold futures gained 0.3pc to $1,173.
Silver dropped by 0.7pc to $16.37 an ounce while platinum rose 0.8pc to $918.
Published in Dawn, December 3rd, 2016
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