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Precious metals: gold on the verge of recording a weekly gain

04/07/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Backed by the pullback in the US dollar and flows to safe havens, gold prices rebounded on Friday and headed for a weekly increase.

Spot gold rose 0.3% to $3,336.39 per ounce at 12:11 GMT. The precious metal is up around 1.9% this week. American gold futures gained 0.1% to $3,346.60. The dollar index fell by 0.2% and was heading for a second straight week of decline, making gold cheaper for holders of other currencies

.

Elsewhere, spot silver rose 0.2% to $36.9 per ounce, while palladium lost 0.1% to $1,135.79 per ounce. Platinum rose 1.5% to $1,387.54 per ounce, heading for a fifth straight week

of gains.
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