Gold heads for first weekly rise in five on easing Fed rate-hike bets

Gold rose more than 1% on Friday and ‌was set for its first weekly gain in five, as investors dialled back expectations for U.S. rate hikes following softer-than-expected jobs data.
 
Spot gold was up 1.3% at $4,177.31 per ounce, as of 0416 GMT, ​hitting its highest level since June 23. U.S. gold futures for August delivery ​gained 1.6% to $4,190.70.

Source: Reuters

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