Gold heads for third week of losses amid signs of recovery

4 Jun by Vitaliy Dadalyan

Gold heads for third week of losses amid signs of recovery

Gold heads for third week of losses amid signs of recoverySpot gold was down 0.2% at $1,708.07 per ounce as of 0700 GMT, while U.S. gold futures slid 0.9% to $1,711.80. “Gold prices have been under pressure after a miraculous stock market run,” said Edward Moya, senior market analyst at broker OANDA. Investors are now awaiting U.S. nonfarm payrolls data for May due at 1230 GMT.