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Gold $4,330.18 $0.51 0.01% Silver $68.32 $0.17 0.25% Platinum $1,765.55 $5.82 0.33% Palladium $1,233.99 $17.88 1.47%

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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