Precious metals traded mixed as investors awaited US inflation and consumer sentiment data.
Gold prices were headed for a third consecutive weekly decline at the close of trading on Friday, as markets strengthened expectations for a Federal Reserve interest-rate hike, while awaiting the release of the US inflation report later in the day. 
Meanwhile, the dollar index, which tracks the US currency against a basket of six major currencies, was steady at 99.09 points.
Markets are awaiting the release of US Consumer Price Index data, with monthly inflation expected to accelerate to 0.4% in August from 0.1% in July, alongside the preliminary reading of the University of Michigan Consumer Sentiment Index.
Changes in Prices of Selected Precious Metals in Futures, Spot Markets
Metal
Price ($/ounce)
Change ($)
Change (%)
Gold (October delivery)
4342.6
(31.1)
(0.70%)
Gold (spot)
4334.43
+16.24
0.40%
Silver (December delivery)
64.190
(0.732)
(1.15%)
Silver (spot)
63.691
+0.09
0.15%
Platinum (spot)
1786.23
+4.54
0.25%
Palladium (spot)
1293.66
+10.25
0.80%
As of 08:22 a.m. Makkah time.
Precious metals traded mixed as investors awaited US inflation and consumer sentiment data.
Gold prices were headed for a third consecutive weekly decline at the close of trading on Friday, as markets strengthened expectations for a Federal Reserve interest-rate hike, while awaiting the release of the US inflation report later in the day.
Meanwhile, the dollar index, which tracks the US currency against a basket of six major currencies, was steady at 99.09 points.
Markets are awaiting the release of US Consumer Price Index data, with monthly inflation expected to accelerate to 0.4% in August from 0.1% in July, alongside the preliminary reading of the University of Michigan Consumer Sentiment Index.
Changes in Prices of Selected Precious Metals in Futures, Spot Markets
Metal
Price ($/ounce)
Change ($)
Change (%)
Gold (October delivery)
4342.6
(31.1)
(0.70%)
Gold (spot)
4334.43
+16.24
0.40%
Silver (December delivery)
64.190
(0.732)
(1.15%)
Silver (spot)
63.691
+0.09
0.15%
Platinum (spot)
1786.23
+4.54
0.25%
Palladium (spot)
1293.66
+10.25
0.80%
As of 08:22 a.m. Makkah time.
