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Gold rises on softer dollar, on track for 4th weekly drop
BENGALURU: Gold rose 2 percent on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth straight weekly decline as surging energy prices fueled inflation concerns and raised expectations of higher global interest rates. Spot gold rose 2 percent to $4,466.38 per ounce as of 9:37 a.m. Saudi time. The commodity has fallen about 0.5 percent so far this week. US gold futures for April delivery gained 1.9 percent to $4,461. The dollar eased, making greenback-priced bullion cheaper for holders of other currencies.
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cnbc.com
Gold jumps over 2% as oil slump eases inflation fears amid Trump Iran talks
Gold climbed as declining oil prices helped temper worries over persistent inflation following reports that Washington is working on a proposal to bring an end to the Middle East…
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arabnews.com
Gold rises on softer dollar, on track for 4th weekly drop
BENGALURU: Gold rose 2 percent on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth straight weekly decline as surging energy prices fueled…