Gold extended losses to the lowest this year after US payrolls beat forecasts, boosting the dollar and stoking expectations the Federal Reserve will increase interest rates. Platinum fell to a five-year low and silver declined to the lowest since 2010.
Gold bullion for immediate delivery lost as much as 0.7% to $1,183.24 an ounce, a level last seen on Dec. 31, and was at $1,190.26 by 2:32 p.m. in Singapore, according to Bloomberg generic pricing.
Japanese palladium bar had the largest decline on Friday, October 3, dropping 5.7% and landing at JPY 2,631 ($24.24) per gram. US palladium bar ended the day at $765.00 per ounce, after the 1.2% drop last Friday. The price of Chinese palladium bar showed little movement last Friday at CNY 175.00 ($28.51) per gram.
Japanese platinum bar fell 3.8% to JPY 4,361 ($40.18) per gram. At $1,264 per ounce, US platinum bar fell 0.9% last Friday. The price of Chinese platinum bar remained steady at CNY 275.00 ($44.80) per gram.
The price of Japanese gold bullion declined 0.4% to JPY 4,244 ($39.10) per gram. US gold bullion prices rose 0.1% to $1,214 per ounce. Indian gold bullion ended the day at INR 26,972 ($438.93) per 10 grams, after the 0.1% drop last Friday. The price of Chinese gold bullion held steady at CNY 241.56 ($39.35) per gram.
Japanese silver closed 2.6% lower at JPY 592.00 ($5.45) per 10 grams. Indian silver prices saw a 0.9% decline to INR 38,516 ($626.78) per kilogram. At $17.09 per ounce, US silver fell 0.5% last Friday. The price of Chinese silver remained essentially flat at CNY 3,930 ($640.19) per kilogram.