Gold heads for weekly drop as US recession fears calm down


GOLD eased on Friday as the latest jobs data eased concerns on U.S. recession, with prices set for a weekly decline after a global sell-off earlier in the week led to big losses in bullion, while traders awaited further clues on U.S. rate cuts.

Spot gold was down 0.1% to $2,425.34 per ounce, as of 1155 GMT. U.S. gold futures rose 0.1% at $2,464.60.

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Gold , recession , bullion , CPI

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