Gold prices stabilize after four-day decline

The price of gold on Friday morning is stable after falling four previous trading sessions, thanks to which it moved away from the mark of $2,000 per ounce, Report informs.

The price of December futures for gold on the New York Comex exchange increased by a symbolic $0.95 (0.05%), to $1,969.75 per troy ounce. September silver futures fell 0.32% to $23.622 an ounce.

Subsequent movements of quotes can be predetermined by the next macro statistics.

Data on the labor market in the US are expected later on Friday. According to analysts' forecasts, unemployment in the country remained at 3.6% in July, and the number of jobs in non-agricultural sectors of the country's economy increased by 200,000 after an increase of 209,000 in June. These data may affect the American financial market, and through it, gold.