Gold prices jump 1.6%, post strong weekly gains in global markets
Gold surged 1.6% in spot trading to $4,590.51 per ounce, recording a 5% weekly gain as other precious metals also advanced.
Key Takeaways
AIGold prices rose 1.6% in spot trading to $4,590.51 per ounce during today's global market sessions.
US gold futures climbed 1.7% to $4,647 per ounce. The yellow metal has gained 5% since the start of the week, after reaching its highest daily level since early February on Wednesday.
Other precious metals also gain
Silver prices in spot trading increased by 2% to $69.43 per ounce, while platinum advanced 3.8% to $1,897.36 per ounce.
Palladium saw a slight rise of 0.6%, reaching $1,342.30 per ounce.