Commodity Capsule: Brent crude and gold steady; copper rises | Watch video
Commodity Capsule: Oil prices steadied on Friday after weakened dollar and easing concerns over the Israel-Hamas war spurred wild swings over the prior sessions.
Commodity Capsule: Gold prices steadied on Friday hovering around $2,000 an ounce.
Markets mellowed ahead of key nonfarm payrolls data.
The yellow metal is headed for weekly loss as risk appetite improved in the wake of dovish signals from the Federal Reserve.
Gold garnered some support from a drop in the dollar and Treasury yields
Gold was also hit with some profit-taking this week, after increased safe-haven demand, after bullion shot up over 10 per cent in October.
Gold in spot and futures markets were down about 1 per cent this week.
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