Gold rises on softer dollar, easing yields; Fed outlook in focus
Gold firmed on Friday as a softer US dollar and easing Treasury yields boosted bullion’s appeal, while market players weighed lingering inflation concerns and the outlook for Federal Reserve interest rates. Spot gold rose 0.9% to $4,169.32 per ounce by 0137...
Gold firmed on Friday as a softer US dollar and easing Treasury yields boosted bullion’s appeal, while market players weighed lingering inflation concerns and the outlook for Federal Reserve interest rates. Spot gold rose 0.9% to $4,169.32 per ounce by 0137 GMT after hitting a two-month low on Wednesday. US gold futures gained 0.9% to $4,194.40. The dollar rally took a breather, making greenback-priced bullion m...