‎Gold rises, heads for fourth weekly loss

‎Gold rises, heads for fourth weekly loss ‎Gold rises, heads for fourth weekly loss

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Goldbars

Gold prices rose on Friday, supported by bargain buying at lower levels, but remain on track for a fourth consecutive weekly decline.

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April gold futures climbed 1.65%, or $73.10, to $4,449.40 per ounce, though they are set to post weekly losses of more than 4%.

Spot gold rose 1.8% to $4,455.44 per ounce, while silver gained about 2.25% to $69.59.

The US dollar index, which tracks the greenback against a basket of six major currencies, was little changed at 99.85 as of 09:03 a.m. Makkah time.

May silver futures rose 2.4% to $69.55 per ounce, while platinum gained 3.45% to $1,895.53 and palladium advanced 2.95% to $1,404.67.

Markets are awaiting final consumer sentiment data from the University of Michigan, after the preliminary March reading fell to 55.5 from 56.6 in February, along with inflation expectations.

 

Goldbars

Gold prices rose on Friday, supported by bargain buying at lower levels, but remain on track for a fourth consecutive weekly decline.

April gold futures climbed 1.65%, or $73.10, to $4,449.40 per ounce, though they are set to post weekly losses of more than 4%.

Spot gold rose 1.8% to $4,455.44 per ounce, while silver gained about 2.25% to $69.59.

The US dollar index, which tracks the greenback against a basket of six major currencies, was little changed at 99.85 as of 09:03 a.m. Makkah time.

May silver futures rose 2.4% to $69.55 per ounce, while platinum gained 3.45% to $1,895.53 and palladium advanced 2.95% to $1,404.67.

Markets are awaiting final consumer sentiment data from the University of Michigan, after the preliminary March reading fell to 55.5 from 56.6 in February, along with inflation expectations.

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