In the early morning of the 3rd Beijing time, gold futures prices closed higher for the third trading day in a row on Friday, making it record an increase this week. Gold prices were supported by a fall in Treasury yields and a stabilisation of the dollar.
At the close of the gold futures market on Friday, the ICE dollar index (DXY) fell 0.3 per cent and the yield on 10-year Treasuries fell to 1.43 per cent.
Us non-farm payrolls rose 850000 in June, exceeding market expectations of 706000, while the unemployment rate climbed from 5.8 per cent to 5.9 per cent, the Bureau of Labor Statistics reported on Friday.
Gold futures for August delivery on the New York Mercantile Exchange rose $6.50, or 0.4%, to close at $1783.30 an ounce, the highest since June 23. So far, gold futures have risen for the third day in a row, the longest consecutive rise since May 26.
Silver futures for September delivery rose 40.1 cents, or 1.5%, to close at $26.501 an ounce.
In terms of the most active contracts, gold futures are up 0.3 per cent and silver futures are up 1.6 per cent this week.