Gold steadies, heads for third straight weekly gain
Gold was supported by a weaker dollar and Treasury buybacks, with spot prices up 3.2% for the week, Reuters reported.
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10 Articles
Shafaq News - Erbil: Gold prices were stable on Friday but are on track for their third consecutive weekly gain, supported by a weaker dollar and efforts by the US Treasury Department to curb rising long-term bond yields. Spot gold was little changed at $4,514.23 per ounce after hitting its highest level since early June in the previous session. The metal has gained 3.2 percent since the start of the week. US gold futures settled at $4,571.20. T…
Why is gold rallying and could US debt fears send it to $5,000?
Gold climbed on Friday and was set for a third straight weekly gain as a weaker dollar and concerns over US fiscal policy kept demand for bullion firm, even as Treasury yields rebounded from their midweek lows. Spot gold traded near $4,540 an ounce in Asian hours after reaching its highest level since early June on Thursday. The metal has gained about 3.6% this week, while US gold futures advanced towards $4,594. Silver, platinum and palladium w…
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