Gold and precious metals edge higher but remain on track for weekly losses
Gold and other precious metals saw slight gains in Asian trading but are still set for weekly declines.
Key Takeaways
AIGold prices posted a modest increase in Asian trading today, rebounding from the previous session’s lows, but remain on course for weekly losses.
Spot gold rose 0.2% to $3,883.05 per ounce, after dropping 3% in the previous session.
US gold futures for December delivery held steady at $3,887 per ounce.
Among other precious metals, spot silver edged up 0.1% to $50.07 per ounce, platinum gained 0.3% to $1,523.55, and palladium rose 0.3% to $996.84.
Despite these slight gains, gold, silver, platinum, and palladium prices are all heading for weekly losses.