While dealers are evaluating the prospects that the US Federal Reserve will continue to raise interest rates
Gold prices rose today, Friday, apparently destined to record the largest weekly increase since mid-January with the decline of the dollar, while dealers assess the prospects that the Federal Reserve (US central) will continue to raise interest rates.
And by 05:50 GMT, gold in instant transactions increased by 0.2%, to $ 1839.39 an ounce, up regarding 1.6%, during the week so far. US gold futures rose 0.2%, to $1,844.80.
And lead to raising interest rates in order to curb inflation to the reluctance of investors to pump money in non-return assets such as gold. The dollar index fell 0.2%, heading for its first weekly loss since January, making the yellow metal less expensive for buyers holding other currencies, according to Archyde.com.
Silver in spot transactions increased 0.5%, to $21 an ounce, platinum rose 0.4%, to $963.90, and palladium rose 0.4%, recording $1,454.99.
It is expected that the three metals will record weekly gains, especially platinum, which is heading to record the best weekly since November.