Gold rises in anticipation of US jobs report

Gold prices rose on Thursday - December futures on the Comex exchange added 0.29%, rising to $1993.30. The supporting factor was the expectations of investors who believe that the Fed has ended the cycle of raising the key rate, writes the agency "Prime" with reference to Reuters. These sentiments also contributed to the fall in the dollar and yields of treasuries. The US dollar index lost 0.68% against a basket of currencies, falling to 105.985 points.

Previous statistics showed signs of cooling in the US labor market. According to Bob Haberkorn, senior market strategist at RJO Futures, cited by "Prime", this strengthens gold quotes, allowing players to assume that the Fed will not continue to raise the rate. The driver of growth for precious metal will be and further escalation of the conflict in the Middle East, the expert noted.

In the center of attention of market participants today - the planned report on the number of jobs in the non-farm sector of the United States, which may give players clues as to the further steps of the Fed.