Archive · Business Recorder
Gold gains on softer dollar, but heads for weekly fall
Gold edged higher on Friday as the dollar weakened, but the metal was still on track for a small weekly loss as investors weighed signals from the Federal Reserve on interest rates. Spot gold rose 0.2% to $4,177.82 per ounce by 0433 GMT, but was down 0.5% so far in the week. US gold futures for December delivery climbed 0.7% to $4,199.10. “Gold has been trapped in a range of $4,221, with the bottom of the range at $4,075 being met earlier this week,” said Kelvin Wong, a senior market analyst at OANDA. “Inflationary trends still remain hot as the core CPI data and core PPI data for September ar...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →