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.
On a weekly basis, gold has lost approximately 0.5 percent since the beginning of the week.
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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