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Reuters
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Gold prices rose on Friday, supported by a weak dollar, as investors waited for US employment data to learn about the Federal Reserve’s plans to start cutting asset purchases.
And gold in spot trades rose 0.2% to $ 1,812.97 an ounce, at 06:41 GMT, and fell 0.2% on the week.
US gold futures also rose 0.2% to $ 1,814.80 an ounce.
The dollar index hovers down one month, making gold more attractive to holders of other currencies. The US currency is heading lower for the second week in a row.
Gold is seen as a hedge against inflation and monetary instability caused by the unprecedented stimulus measures.
For other precious metals, silver rose 0.3% to $ 23.96 an ounce.
Platinum rose 0.3% to $ 1,001.66, while palladium rose 0.6% to $ 2,415.49.
Source: Reuters
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