Gold prices fell  on Friday for the first time in six days, due to corrective and profit taking, after yesterday’s highest level in nine months, under pressure to stop USD decline ahead of the release of monthly jobs in United States.

Gold prices fell by more than 0.2% as of 0840 GMT to trade at $ 1.318.40 per ounce from the opening level of $ 1,321.18 and recorded the highest level of $ 1,321.85 and a low of $ 1,316.65.

Gold prices rose yesterday by 0.15%, its fifth consecutive daily gain, and recorded a nine-month high of $ 1,326.25 an ounce.

Prices rose 3.3% in January, the fourth monthly gain in a row, supported by safe haven purchases and USD weakness as US interest rates narrowed this year.

Federal Reserve kept the interest rate unchanged this week, according to most forecasts, and stressed patience when raising interest rates this year. Jerome Powell said that the rate of interest rate increases had shrunk in recent weeks, as well as heightened risks surrounding the economy, And the closure of the federal government.

Dollar index rose by 0.1% on Friday, continuing its bounce from a three-week low of 94.86 points, reversing the decline of the US currency against a basket of currencies ahead of monthly jobs release data in United States, which provides strong evidence on the pace of growth of the largest economy In the first quarter of this year.

The US economy will add 165,000 new jobs in January, compared to 312,000 jobs in December, with the unemployment rate stabilizing at 3.9%, and the average Per capita income in the expected hour rose 0.3% from a rise of 0.4% in the previous month.