Gold prices were fairly static on Friday as investors maintained caution ahead of a key U.S. jobs report that could influence the Federal Reserve’s rate path.
Spot gold was nearly steady at $2,659.13 per ounce by 1019 GMT, after scaling a record high of $2,685.42 last week.
U.S. gold futures were flat at $2,679.10.
The U.S. dollar index was headed for a weekly gain, making bullion more expensive for other currency holders.
U.S. President Joe Biden said he will not negotiate in public when asked if he had urged Israel not to attack Iran’s oil facilities. Israel began a ground incursion in Lebanon this week, saying it aims to defeat Hezbollah.
Bullion tends to thrive during periods of lower interest rates and turmoil.
The main focus of the day will be the U.S. non-farm payrolls report at 8:30 a.m. EDT, which traders will scan to bet on the Federal Reserve’s next policy move.
