Gold fell slightly on Friday after rising more than one percent on Thursday, with investors away from the market ahead of the wage data in non-agricultural sectors in the United States in January, which may limit the appeal of the precious metal. And most indicators suggest a revival in the U.S. economy with higher growth of services sector to its highest level in more than five years, while inflation pressures seem under control, even despite the rise in commodity prices.
By the time 0638 GMT, gold fell to U.S. $ 1351.05 an ounce (ounce), but remained on his way towards the largest weekly gain since early January.
Prices rose on Thursday after the unrest in Egypt to the growing purchases of exchange-traded funds and the demand for the precious metal as a safe haven.
The Gold hit a record high near U.S. $ 1 430 an ounce in December.
Said a senior U.S. official who asked not to be named, said Washington was discussing with the Egyptians, different scenarios, including one serving the resignation of President Hosni Mubarak on the spot. But Mubarak said he believed that his country still needs him.
Silver fell in online transactions up 14 cents at 28.77 dollars a troy ounce.
Palladium also fell 50 cents to 816.72 dollars an ounce, while platinum rose three dollars to 1837.99 dollars an ounce
Gold falls ahead of U.S. wage data
Posted by ahmed essam on 12:48 PM
