Gold prices rose today, Friday, and are on track to record their best weekly performance since April 5, after economic data reinforced bets that the Federal Reserve (US central bank) will lower interest rates.
By 0212 GMT, gold in instant transactions rose 0.2 percent to $2,350.87 per ounce, after hitting the highest level in more than two weeks earlier. Prices have increased 2.2 percent since the beginning of the week. US gold futures also rose 0.7 percent to $2,356.90.
As for other precious metals, silver rose in spot transactions by 0.2 percent to $28.38 per ounce, and is on track to record its best weekly performance since April 5 as well. Platinum increased 0.6 percent to $983.78, and palladium rose 0.5 percent to $971.50. Both metals are heading for weekly gains.
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