Gold prices rose on Friday and were headed for a fourth consecutive weekly gain, as fears of a weakening US labour market eclipsed inflation concerns ahead of an expected Federal Reserve rate cut next week. Spot gold rose 0.4% to $3,647.76 per ounce as of 0211 GMT. Bullion gained 1.7% so far this week.
short by
/
10:39 am on
12 Sep