- Gold prices rose by 0.2% to $4,177.82 per ounce on Friday.
- U.S. gold futures for December delivery increased by 0.7% to $4,199.10 per ounce.
- Gold has recorded a modest weekly loss of approximately 0.5% this week.
- Other precious metals, including silver and platinum, also experienced gains.
Gold Prices Rise Amid U.S. Interest Rate Speculation
Gold prices increased on Friday as investors assessed comments from officials at the U.S. Federal Reserve regarding interest rates. However, the precious metal is on track to record a modest weekly loss.
In spot trading, gold rose by 0.2 percent, reaching $4,177.82 per ounce. Meanwhile, U.S. gold futures for December delivery climbed by 0.7 percent to $4,199.10 per ounce.
Weekly Performance
On a weekly basis, gold has lost approximately 0.5 percent since the beginning of the week.
Other Precious Metals
Other precious metals also saw gains. Silver increased by 0.7 percent to $57.81 per ounce. Platinum rose by 1.1 percent, reaching $1,642.75, while palladium jumped by 1.5 percent to $1,143.46 per ounce.
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