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Gold Stalls Before Key U.S. Data, Set for Weekly Loss
Friday, 7 February 2020 16:59 WIB | PRECIOUS METALS |SILVEREMASGOLD

Gold steadied ahead of a U.S. payrolls report, heading for its biggest weekly loss since November.

Risk-on sentiment improved this week, with global equities rising amid growing confidence that the coronavirus outbreak won't derail global growth this year. Stocks slipped Friday though, and volatility should continue as investors struggle to assess the outbreak impact in forthcoming economic data over the next couple of months, JPMorgan strategist Nikolaos Panigirtzoglou told Bloomberg TV.

Spot gold was little changed at $1,567.30/oz at 9:43am in London

Down about 1.4% so far this week, which upon closing could be the biggest weekly decline since November.

Silver headed for a second weekly loss, while platinum and palladium were set for weekly gains.

Source : Bloomberg

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