{
  "id": 11341789,
  "title": "Gold slips before US payrolls data, set for second weekly loss",
  "url": "https://urgent.news/2026/10/02/gold-slips-before-us-payrolls-data-set-for-second-weekly-loss",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T02:44:30.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442314/gold-slips-before-us-payrolls-data-set-for-second-weekly-loss"
  },
  "original_language": "en",
  "account": "Gold prices slipped on Friday, poised for a second weekly drop, as the US dollar strengthened and Treasury yields surged. Investors were eagerly awaiting key US payrolls data to gauge the Federal Reserve's policy direction. Spot gold slipped 0.6% to $4,154.78 per ounce by 0205 GMT, marking a loss of over 3% for the week. US gold futures also declined 0.4% to $4,184.00. The US dollar appeared set for a weekly rise, making metals priced in greenbacks pricier for those holding other currencies. Meanwhile, US 10- and 30-year Treasury yields reached their highest levels since 2002. Analyst Kyle Rodda noted that market participants were closely watching US interest rate expectations and Middle East geopolitical developments. \"US nonfarm payroll data will be crucial for rate expectations,\" Rodda explained. \"A strong report could heighten the likelihood of Fed rate hikes, further pressuring gold prices.\" Two Federal Reserve policymakers recently signaled a more definitive stance on waiting for additional data before deciding on another rate increase. On Wednesday, data revealed US inflation rose less than anticipated in August, with price pressures moderating more than initially reported. Oil prices edged upward as traders weighed mixed supply signals. Currently, there is only about a 25% chance of a rate hike this month, down from about 70% earlier in the week, though a 79% probability of a rate increase in December still persists. Higher borrowing costs typically dampen gold's appeal, as it does not yield interest. Silver fell 0.5% to $60.53, platinum slipped 0.4% to $1,716.93, while palladium increased 0.1% to $1,172.80, all indicating weekly losses.",
  "summary": "Gold prices fell on Friday and were on track for a second straight weekly decline, pressured by a firmer US dollar and elevated Treasury yields, while investors awaited key US payrolls data for clues on the Federal Reserve’s policy path. Spot gold fell 0.6% to $4,154.78 per ounce by 0205 GMT and was down more than 3% for the week so far. US gold futures lost 0.4% to $4,184.00. The US dollar was…",
  "key_points": [
    "Gold prices slipped 0.6% to $4,154.78 per ounce, marking a loss of over 3% for the week.",
    "US dollar strengthened, making metals priced in greenbacks pricier for foreign holders."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Gold slips before US payrolls data, set for second weekly loss",
        "url": "https://urgent.news/2026/10/02/gold-slips-before-us-payrolls-data-set-for-second-weekly-loss-11350442",
        "published": "2026-10-02T03:14:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}