Weak trades in gold levels before the US jobs report

Gold saw a weak trades during the session on Friday before the release of the jobs report from the US economy today This comes after four consecutive sessions of losses recorded by gold, in light of declining demand for the safe haven in the financial markets.

Gold prices are currently trading at $ 1279.2 per ounce, after recorded the highest level today at $ 1279.7 per ounce, while the lowest level has been recorded at $ 1274.3 per ounce after it opened today's session at $ 1277.6 per ounce. This comes after a decline in gold prices to a record the lowest level at 1286 yesterday.

Gold prices continue to fluctuate and decline in light of the reduced demand for the safe haven in the financial markets, the gold rushes to decline since the beginning of the week, and today gold trades entered into a weakness and volatility state.

This and the Dollar continued to maintain the gains recorded since the beginning of the week against major currencies despite the negative data released by the United States of America.

The dollar index, which tracks the performance of the dollar against a basket of major currencies traded weakly during the Asian session on Friday, as it recorded the lowest level at 93.71 and the highest level at 93.83, while today's session was opened at the level of 93.77 to currently trade at 93.74 level.