• Gold prices eased on Thursday as the dollar rallied after a report showed that the U.S. economy created more private-sector jobs than expected in May, further strengthening expectations for an interest rate hike this month.
• Gold prices retreated after U.S. President Donald Trump announced his intention to pull out of the landmark 2015 global climate pact.
Following Trump’s speech, gold declined. Spot gold on Kitco.com was trading at $1,265.20 during the opening hours of the Asian session on Friday.
U.S. gold futures fell 0.4 percent to settle at $1,270.1.
• The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public- and private-sector employment.
• "Given that a June rate hike is a mortal lock, it seems unlikely that tomorrow's employment report will have a major impact on metals," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York
Reference: Reuters, Kitco
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