AgenciesOct. 8 — Gold prices edged higher on Friday but were stuck in a narrow range, as investors sought more direction from the US non-farm payrolls report, considered key to the US Federal Reserve's stimulus taper schedule.Spot gold rose 0.2% to $1,759.34 per ounce by 0320 GMT, trading in the range of $1,760.43-$1,752.27.US gold futures were flat at $1,760.10.Gold was finding support in Asia as local investors bought the precious metal to hedge for non-farm payrolls and weekend event risk, Jeffrey Halley, senior market analyst for Asia-Pacific at OANDA said, adding "gold's fate will be determined by the non-farm payrolls print tonight.""If we see a number above 500,000, gold is likely to resume its downtrend as markets lock and load D...
October 8, 2021 at 12:12 pm | Economic Affairs