On Friday, the price of gold is going up, but the growth is constrained as the demand for the US dollar is maintained with the support of yesterday's data on benefits, while the markets await today's government data on employment in the US non-farm payrolls.
During European morning trades on the Comex division of the New York Mercantile Exchange, gold futures for June delivery rose 0.25%, getting to $ 1184.90 per ounce.
The session on Thursday, of June contract was closed with 0.68% lower, getting to the price of $ 1182.20 per ounce.
Futures are likely to find support at $ 1168.40, the minimum from May 1, and resistance at $ 1199.30, the maximum since May 5.
This growth comes after the gold prices dropped to the lowest level of the session on Thursday, after the published data on the people who filed application for unemployment benefits, which rose less than expected.
The dollar strengthened after the US Labor Department reported on Thursday that the number of individuals filing for unemployment benefits in the week ending May 2, rose by 3000, getting to 265 000 from 262 000 of the previous week.
The analysts had expected that the number of applications for unemployment benefits would increase by 18 000 to 280 000.
The solid employment rates in the US non-farm payrolls are likely to cause further speculation on possible terms of raising interest rates by the Federal Reserve, while the low figures could support the gold demand, weakening the reason for an early rate increase.
The recent economic publications indicated the slowing of the US economy since the beginning of the year, forcing many investors to reconsider the expectations of an earlier date of the first rate rise by the Federal Reserve System.
Meanwhile, silver futures for July delivery rose 0.42% to $ 16.368 a troy ounce, while copper futures for July delivery fell 0.09% to $ 2.921 per pound.
The demand for industrial metals has risen amid speculation that Beijing policymakers will have to take additional measures to stimulate economic growth. The Asian country is the world's largest consumer of copper, with its share of almost 40% of world consumption last year.