Equityworld Futures : Gold prices rose in late trade on Friday morning (04/11) to respond to the weakening US dollar and uncertainty about the outcome of the US presidential election were held tight.
Democratic candidates Hillary Clinton maintains strict kememimpinannya over rival Republican Donald Trump just a few days ahead of the November 8 election, according to two polls released on Thursday.
This helps the US dollar to recover from multi-week lows, although still 0.1 percent lower against a basket of six major currencies.
Spot gold prices rose 0.32 percent to $ 1,300.75 per ounce. It touched a one-month high of $ 1,307.76 in the previous session, before retreating after the Federal Reserve signaled could raise interest rates next month.
While US gold futures prices ended at $ 1,300.30 per ounce.
The Fed kept interest rates unchanged on Wednesday but said the economy has strengthened and steady job gains.
Policy makers also expressed optimism that inflation moves towards the target of 2 per cent of them.
The market today will focus on non-farm payrolls data, which will be released on Friday night.
Employers estimate has added 175,000 jobs in October, according to the median estimate of 106 economists surveyed by Reuters.
Among other precious metals, silver fell 1.1 percent to $ 18.23, retreating from a high of about $ 18.73 on Wednesday, its best level since October 4
Platinum was up 0.6 percent at $ 991.40. Palladium fell 0.8 percent to $ 623.25
Analyst Equity Research Center estimates that the price of gold at the next trade has the potential to move a flat-examine the results of the US Presidential election, and potentially weak if the Democratic candidate Hillary Clinton ahead of Republican candidate Donald Trump in the polls. Prices are expected to move in the range of $ 1,299- $ 1.297 Support, whereas if the price rises will move in the range of $ 1,301- $ 1.303 Resistance.