Gold bars
Gold prices rose during Friday’s trading as the US dollar and oil prices declined, but remained on track for a weekly loss.
The US Dollar Index, which measures the greenback against a basket of six major currencies, fell 0.6% to 101.93, heading for its first weekly decline in five weeks.
According to CME Group’s FedWatch tool, traders are pricing in a 28% probability of the Federal Reserve raising interest rates later this month and an 89% probability of a rate hike in December.
Chicago Fed President Austan Goolsbee described this week’s inflation data, which came in stronger than expected, as “disappointing,” Reuters reported.
Precious metals prices in futures and spot markets
Metal
Price (USD/oz)
Change (USD)
Change (%)
Gold (December delivery)
4,193.80
+23.70
+0.55%
Spot Gold
4,174.21
+2.77
—
Silver (December delivery)
57.92
+0.76
+1.35%
Spot Silver
57.7637
+0.36
+0.65%
Spot Platinum
1,640.98
+9.31
+0.55%
Spot Palladium
1,141.30
+9.73
+0.85%
Gold bars
Gold prices rose during Friday’s trading as the US dollar and oil prices declined, but remained on track for a weekly loss.
The US Dollar Index, which measures the greenback against a basket of six major currencies, fell 0.6% to 101.93, heading for its first weekly decline in five weeks.
According to CME Group’s FedWatch tool, traders are pricing in a 28% probability of the Federal Reserve raising interest rates later this month and an 89% probability of a rate hike in December.
Chicago Fed President Austan Goolsbee described this week’s inflation data, which came in stronger than expected, as “disappointing,” Reuters reported.
Precious metals prices in futures and spot markets
Metal
Price (USD/oz)
Change (USD)
Change (%)
Gold (December delivery)
4,193.80
+23.70
+0.55%
Spot Gold
4,174.21
+2.77
—
Silver (December delivery)
57.92
+0.76
+1.35%
Spot Silver
57.7637
+0.36
+0.65%
Spot Platinum
1,640.98
+9.31
+0.55%
Spot Palladium
1,141.30
+9.73
+0.85%

