Gold dips towards 10-week low ahead of US jobs data
"There is a strong possibility that the risk appetite might get strong if economic indicators show some sort of upturn (in the economy`s strength) and we might see gold prices dropping." Gold on Thursday breached its 100-day moving average around $1,282 an ounce for the first time since at least November, mainly pressured by robust U.S. data and as trade optimism improved risk appetite.
Gold slipped on Friday, but was trading above the 10-week low touched in the previous session, Photo: IANS