Singapore: Gold edged higher yesterday, set to end its eight-session-long losing streak, last seen around the same time in 2016 as US bond yields and the dollar retreated from recent highs ahead of a keenly awaited non-farm payrolls report this week.
Spot gold rose 0.3% to $1,826.49 per ounce by 0314 GMT, attempting a rebound from its weakest levels since March touched on Tuesday.
US gold futures gained 0.3% to $1,840.90.
The US dollar was 0.2% lower, allaying some pressure on non-yielding gold.
The subdued dollar also buoyed other greenback-priced precious metals, with spot silver up 1.1% to $21.19 per ounce, having slipped to its lowest since mid-March this week.
Platinum gained 0.5% to $870.16, rising from its lowest in a year hit in the last session, and palladium firmed 1.2% to $1,181.15, off a 5-year low touched on Wednesday.
