Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum.
Gold prices on Friday were on track for a fourth consecutive weekly loss as recent U.S. jobs data and hawkish comments from Federal Reserve policymakers strengthened bets for higher-for-longer interest rates, weighing on non-yielding bullion.
Spot gold was flat at $1,910.20 per ounce by 0240 GMT, but down 0.5% for the week.
"A resilient and tight U.S. jobs market effectively strengthens the case for the Fed to keep pushing the benchmark interest rate higher.
Right now, it's all about interest rates and a guessing game about where the terminal rate setting will land," said Tim Waterer, chief market analyst at KCM Trade.
Persons:
Tim Waterer, Waterer, Lorie Logan, Janet Yellen's
Organizations:
Aurum, Federal Reserve, Fed, KCM, Fed Bank of Dallas, Treasury, Palladium
Locations:
Janet Yellen's Beijing