Gold prices settled on Thursday as investors awaited U.S. nonfarm payrolls data to help predict the interest rate path the U.S. Federal Reserve will adopt amid escalating trade tensions between the United States and its trading partners.
Spot gold settled at $2,917.90 an ounce, while U.S. gold futures rose slightly 0.1 percent to $2,927.40.
The White House has revealed that U.S. President Donald Trump will exempt automakers from 25 percent tariffs on Canada and Mexico for a month as long as they abide by the existing free trade agreement.
Source (Al-Khaleej Emirati Newspaper, Edited)
