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Gold $4,670.81 $(17.4) -0.37% Silver $86.52 $1.1 1.29% Platinum $2,126.74 $(4.96) -0.23% Palladium $1,491.10 $(11.81) -0.79%

Gold set for weekly gain on Fed’s interest rate pivot

Gold set for weekly gain on Fed’s interest rate pivot

Gold prices were on track for a weekly jump, driven by a weaker U.S. dollar and lower Treasury yields, after the Federal Reserve indicated lower borrowing costs next year.

Spot gold, which edged up 0.3% at $2,041.70 per ounce, has risen 1.9% so far this week. U.S. gold futures gained 0.6% to $2,056.40...[LINK]

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