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Gold Prices Increase as Investors Eye US Interest Rate Signals

Taipei:Gold prices experienced a slight increase at the start of Asian trading on Friday, as investors looked for indications regarding the direction of US interest rates.

According to Qatar News Agency, spot gold rose by 0.4 percent, reaching USD 4,103.55 per ounce, positioning it for a weekly gain of approximately 5.9 percent.

In contrast, US gold futures for December delivery remained steady at USD 4,112.80 per ounce. Additionally, spot silver increased by 0.5 percent to USD 52.01 per ounce, platinum held its ground at USD 1,517.20 per ounce, and palladium stayed stable at USD 1,031.01 per ounce.