Gold prices turned modestly higher in late-morning trade Friday, reversing course from earlier declines after the jobs report offered little reason for the Federal Reserve to delay an interest-rate hike until after its September meeting.Gold futures for December delivery GCZ5, +0.29% reversed course from earlier in the day, moving $5.30 higher, or 0.5%, to $1,095.40 an ounce, after being down by that much after the jobs report was released at 8: 30 a.m. Eastern Time.
September silver also rallied SIU5, +0.70% surging 25 cents, or 1.7%, to $14.935 an ounce.
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