Gold prices rose amid market pressure

gold prices to rise further, gold prices go up,

Allinformation.com- Gold prices crept higher on Friday (11/07/2014), after the previous day's price dropped to its lowest level in four years after the tempting buyers back into the market and the strengthening of the dollar to profit taking.

Spot market gold price rose 0.3 percent to US $ 1,144.30 an ounce, where trading was muted investors await the release of data on non-farm payrolls.

Earlier, the price of gold hung low levels to US $ 1,137.40 an ounce, its weakest since early 2010.

While US gold futures for December delivery closed down 0.3 per cent to US $ 1,142.60 an ounce after approaching lows in 4 years at US $ 1,137.10 an ounce.

"We are holding steady today, but nobody wants to make a big step forward tomorrow morning. If there is a positive number, they (bears) can take it," said Paul Sacks, gold traders at Aurum Options Strategies in New York.

Reports of non-farm payrolls could be said of raised expectations that the Federal Reserve will move to tighten monetary policy before other major central banks, the which can further suppress gold.

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