Gold rises on Friday after the US Federal Reserve cut interest rates by a quarter-point this week and signals further policy easing
Gold prices rose on Friday, heading for a fifth straight weekly gain after the US Federal Reserve cut interest rates by 25 basis points and signaled further monetary easing. 
December gold futures climbed 0.3%, or $11.20, to $3,689.50 an ounce, while spot gold was up 0.25% at $3,654.15 by 08:36 a.m. in Mecca.
The dollar index was little changed at 97.39.
Silver futures for December delivery gained 1.1% to $42.59 an ounce. Spot platinum rose 0.2% to $1,389.19, while palladium added 0.5% to $1,165.96.
Fed Chair Jerome Powell described the rate cut as a “risk management” move in response to labor market weakness, stressing that policy decisions would be taken meeting by meeting, depending on incoming data.
Gold rises on Friday after the US Federal Reserve cut interest rates by a quarter-point this week and signals further policy easing
Gold prices rose on Friday, heading for a fifth straight weekly gain after the US Federal Reserve cut interest rates by 25 basis points and signaled further monetary easing.
December gold futures climbed 0.3%, or $11.20, to $3,689.50 an ounce, while spot gold was up 0.25% at $3,654.15 by 08:36 a.m. in Mecca.
The dollar index was little changed at 97.39.
Silver futures for December delivery gained 1.1% to $42.59 an ounce. Spot platinum rose 0.2% to $1,389.19, while palladium added 0.5% to $1,165.96.
Fed Chair Jerome Powell described the rate cut as a “risk management” move in response to labor market weakness, stressing that policy decisions would be taken meeting by meeting, depending on incoming data.
