Gold heads for third weekly rise

27/10/2023 Argaam


Gold prices were steady on Friday, as investors flock to gold as a secure asset that preserves its value, against the risks of military tensions in the Middle East.

 

Gold for December delivery reached $1,997.50 per ounce at 10:49 am Makkah Time.

 

Spot prices rose 0.14% to $1,987.44 per ounce. Silver futures for December advanced 0.25% to $22.97 per ounce. Spot platinum prices edged up 0.57% to $911.29 per ounce.

 

Meanwhile, investors await key inflation data from the world's largest economy amid signs of escalating conflict in the Middle East.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.