Precious Metals Preview: Gold Holds Above $1700 Mark

2 Sep 2022 , 09:11 AM

Gold is seen consolidating losses at six week lows on Friday, awaiting the highly anticipated non-farm payrolls data for further cues on Fed. Dollar hovering at its recent two decade peaks is also keeping the yellow metal under pressure. US benchmark treasury yields are hovering above 3.2% and US dollar index that tracks the greenback against a basket of currencies is at 109.54. COMEX Gold is currently holding marginally higher at $1710.20 an ounce, after having fallen below $1700 mark in the previous session. Powered by Commodity Insights