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Gold $3,347.99 $(23.59) -0.7% Silver $35.98 $(0.43) -1.19% Platinum $1,285.86 $(12.44) -0.96% Palladium $1,048.15 $1.7 0.16%

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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