Gold held steady on Friday, but was set for its second consecutive weekly gain, backed by a continued decline in the US dollar amid higher investor confidence in the Federal Reserve’ s plan to end the monetary tightening cycle.
Gold futures for December delivery reached $1,994.1 per ounce at 12:05 pm KSA Time, after a rise of 0.47% this week.
Spot gold was firm at $1,993.45 per ounce. Silver futures for December were unchanged at $23.7. Spot platinum edged up 0.34% to $921.59 per ounce.
The US dollar index ticked lower 0.26% to 103.65 points.
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