Gold Records Best Weekly Gains Since Last January

Gold prices remained stable on Friday, securing their best weekly gains since last January, supported by a decline in oil prices. Investors are closely monitoring the upcoming non-farm payrolls data from the United States, seeking clear indications regarding the future trajectory of interest rates. By 00:45 GMT, the spot gold price saw little change, settling at $4235.57 per ounce, after recording a 4.8% increase over the current week. Conversely, US gold futures contracts declined by 0.1% to reach $4293.80.