Gold prices fall over 1% as dollar rises

Gold and silver prices fell in Friday's trading as rising oil prices stoked inflation concerns and expectations that interest rates would remain eleva

Investors are also awaiting US jobs data due later today.

The US Dollar Index, which measures the greenback's performance against a basket of six major currencies, rose 0.20% to 101.77 points.

According to the CME Group's FedWatch tool, traders are pricing in a 68% probability of a Fed rate hike at its December meeting, lower than expectations last month, when a rate hike was considered almost certain.

Markets are awaiting the release of the US nonfarm payrolls report, with expectations for 65,000 jobs to be added in October, potentially accelerating from 29,000 in September.

Changes in futures and spot prices of selected precious metals

From ArgaamPlus