Gold prices climb as dollar weakens and Fed rate pause expected
Gold rose on Friday, supported by a weaker US dollar and growing expectations that the Federal Reserve will keep interest rates unchanged next month.
Key Takeaways
AIGold prices rose on Friday, supported by a weaker US dollar and increasing expectations that the US Federal Reserve will leave interest rates unchanged next month, boosting the appeal of the precious metal for investors.
Spot gold climbed 0.6% to $4,376.02 per ounce, while US gold futures gained 0.3% to $4,433.90 per ounce.
Other precious metals also advanced, with spot silver rising 1% to $65.08 per ounce.
Platinum increased 0.9% to $1,733.34 per ounce, and palladium rose by the same margin to $1,318.50 per ounce.