Goldbars
Gold futures prices rose on Friday as the dollar weakened, as markets assess US economic data that reduced the likelihood of a 50-basis-point interest rate cut by the Federal Reserve at its September meeting. 
Gold futures for December delivery rose 0.2%, or $6.10, to $3,389.30 an ounce.
Spot gold prices appreciated 0.3%, or $9.40, to trade at $3,344.79 an ounce as of 8:39 a.m. KSA time.
Meanwhile, the US Dollar Index eased 0.2% to 98.04 points.
Silver futures for September delivery were steady at $38.05 an ounce, while spot platinum prices rose 0.3% to $1,363.65, and spot palladium edged up 0.1% to $1,149.10.
The US Producer Price Index gained 3.3% year-on-year in July, beating expectations of a 2.5% increase. Weekly jobless claims came in lower than expected at 224,000 for the week ended Aug. 9, compared to forecasts of 228,000.
Goldbars
Gold futures prices rose on Friday as the dollar weakened, as markets assess US economic data that reduced the likelihood of a 50-basis-point interest rate cut by the Federal Reserve at its September meeting.
Gold futures for December delivery rose 0.2%, or $6.10, to $3,389.30 an ounce.
Spot gold prices appreciated 0.3%, or $9.40, to trade at $3,344.79 an ounce as of 8:39 a.m. KSA time.
Meanwhile, the US Dollar Index eased 0.2% to 98.04 points.
Silver futures for September delivery were steady at $38.05 an ounce, while spot platinum prices rose 0.3% to $1,363.65, and spot palladium edged up 0.1% to $1,149.10.
The US Producer Price Index gained 3.3% year-on-year in July, beating expectations of a 2.5% increase. Weekly jobless claims came in lower than expected at 224,000 for the week ended Aug. 9, compared to forecasts of 228,000.
