Gold Rises for First Time in Four Days as Silver, Platinum Gain

04-May (Bloomberg) — Gold rose for the first time in four sessions as investors gauged the outlook for higher U.S. interest rates before the monthly jobs data later this week.

Bullion for immediate delivery climbed 0.4 percent to $1,182.90 an ounce as of 8:15 a.m. in New York, according to Bloomberg generic pricing. The metal fell on Friday to $1,170.52, the lowest since March 20.

Gold last week erased this year’s gains after the Federal Reserve said the U.S. economy will rebound, damping speculation rate rises may be delayed. Data over the past month showed new-home sales in the U.S. fell and first-quarter growth sputtered, while existing home sales climbed and jobless claims slumped. The U.S. will report April jobs data on Friday.

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