Gold futures prices fell as the dollar strengthened following economic data showing resilience in the US labor market, coinciding with easing concerns about the trade war.
During Friday's trading, gold futures for August delivery fell 0.35%, or $11.9, to $3,361.60 per ounce.
Spot gold fell 0.3%, or $9.40, to $3,359.28 per ounce, as of 8:28 a.m. Mecca time.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, rose 0.2% to 97.56.
While silver futures for September delivery settled at $39.23 per ounce, spot platinum prices fell 0.9% to $1,402.15, and palladium fell 0.85% to $1,227.37.
This comes after economic data showed an unexpected drop in US unemployment claims last week, falling to 217,000 from 221,000 during the week ending July 19, contrary to expectations of a rise to 227,000
-255*160.webp)
-255*160.webp)
