Goldbars
Gold prices rose on Friday and were on track for weekly gains, supported by easing concerns over inflation and interest rate hikes. Investors are betting on the chances of a US-Iran peace deal, despite an exchange of fire between Washington and Tehran on Thursday. 
June gold futures rose 0.2%, or $9.80, to $4,720.70 per ounce, while spot gold gained 0.6% to $4,714.83 per ounce.
Spot silver climbed, with spot prices up 1.75% at $79.84 per ounce.
The US dollar index rose 0.15% to 98.19 as of 08:18 a.m. Mecca time.
Silver futures for July rose 1.3% to $78.30 per ounce.
Spot platinum fell 0.3% to $2,057.3, while palladium edged up 0.35% to $1,540.49.
Markets are awaiting the release of the US monthly jobs report later in the day, along with the preliminary reading of the University of Michigan’s consumer sentiment index for May and inflation expectations for both the short and long term.
Goldbars
Gold prices rose on Friday and were on track for weekly gains, supported by easing concerns over inflation and interest rate hikes. Investors are betting on the chances of a US-Iran peace deal, despite an exchange of fire between Washington and Tehran on Thursday.
June gold futures rose 0.2%, or $9.80, to $4,720.70 per ounce, while spot gold gained 0.6% to $4,714.83 per ounce.
Spot silver climbed, with spot prices up 1.75% at $79.84 per ounce.
The US dollar index rose 0.15% to 98.19 as of 08:18 a.m. Mecca time.
Silver futures for July rose 1.3% to $78.30 per ounce.
Spot platinum fell 0.3% to $2,057.3, while palladium edged up 0.35% to $1,540.49.
Markets are awaiting the release of the US monthly jobs report later in the day, along with the preliminary reading of the University of Michigan’s consumer sentiment index for May and inflation expectations for both the short and long term.
