- Gold futures prices turned lower during trading, affected by the rise in the dollar and US bond yields after data showed growth in private sector economic activity in the United States.
- At the settlement of Friday's trading, gold futures for August delivery fell by 1.6%, or $37.8, to $2,331.2 per ounce, after touching $2,382.6, with the yellow metal recording weekly losses of 0.75%.
- The S&P Composite Purchasing Managers' Index for the United States hit a 26-month high of 54.6 in June, and employment rose for the first time in three months, recovering from declines in April and May to record the largest increase in nine months.
- The FedWatch tool showed investors were pricing in a hold on borrowing costs at the July meeting at 89.7%, with expectations for a 25 basis point Fed rate cut at the September meeting slightly lowered to 59.5% from 62% a week ago.
