April 1 (Reuters) - Gold prices eased on Friday, widening
their weekly losses as a stronger dollar outweighed safe-haven
demand fuelled by a lack of progress in Russia-Ukraine peace
talks, while investors awaited March U.S. jobs data for policy
tightening clues.
FUNDAMENTALS
* Spot gold was down 0.2% at $1,934.10 per ounce, as
of 0116 GMT. U.S. gold futures fell 0.7% to $1,940.20.
* The metal has lost about 1.1% this week.
* Russian President Vladimir Putin threatened on Thursday to
halt contracts supplying Europe with a third of its gas unless
they are paid in rouble, his strongest economic riposte so far
to crushing Western sanctions over his invasion of Ukraine.
[nL5N2VX7KZ]
* The dollar index moved higher from a near one-month low,
making gold more expensive for other currency holders. [USD/]
* Investors were looking forward to the March U.S. jobs
data, due later in the day, for wage inflation and cues on the
monetary policy stance of the Federal Reserve going forward.
[FEDWATCH]
* Russia's gold and foreign currency reserves fell to $604.4
billion, as of March 25, their lowest since August 2021, from
$643.2 billion seen before the start of what Russia's invasion
of Ukraine, central bank data showed. [nR4N2VL01C]
* Spot silver edged 0.2% higher to $24.73 per ounce.
* Platinum was up 0.1% at $984.68, while palladium
rose 0.9% to $2,282.94. Both metals were on course for a
fourth consecutive weekly loss.
DATA/EVENTS (GMT)
0750 France S&P Global Mfg PMI March
0755 Germany S&P Global/BME Mfg PMI March
0800 EU S&P Global Mfg FInal PMI March
0830 UK S&P Global/CIPS Mfg PMI March
0900 EU HICP Flash YY March
1230 US Average Earnings YY March
1230 US Unemployment Rate March
1230 US Non-Farm Payrolls March
1345 US S&P Global Mfg PMI Final March
1400 US ISM Manufacturing PMI March
(Reporting by Asha Sistla in Bengaluru; Editing by Rashmi Aich)
(([email protected]; If within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2808; Reuters Messaging:
[email protected]))
Keywords: GLOBAL PRECIOUS/
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