Gold rises on Friday, spot price at 3-week high

22/12/2023 Argaam

Gold prices rose on Friday as the US 10-year bond yields dropped ahead of inflation data.

 

Gold for February delivery added 0.60% to $2,063.70 per ounce at 11:49 am KSA Time.

 

Spot prices edged up 0.28% to $2,051.70 per ounce, nearing their highest level since Dec. 4.

 

Silver March futures advanced 0.65% to $24.75 per ounce. Spot platinum traded 0.23% higher at $970.28 per ounce.

 

Traders now await a slew of U.S. economic data, including the November core personal consumption expenditure (PCE) index report on Friday.

The US 10-year bond yields declined 2.3 basis points to 3.871%. The dollar index was steady at 101.77 points.

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