Gold prices were set on Friday for their biggest weekly gain since April, after rallying close to a one-month high, as markets scale back expectations of further U.S. interest rate hikes, sending the dollar to its lowest in more than a year, APA reports citing Reuters.
Spot gold was little changed at $1,959.81 per ounce by 0504 GMT, and up 1.9% for the week. U.S. gold futures were flat at $1,964.00.
Making gold less expensive for overseas investors, the dollar index (.DXY) touched its lowest level since April 2022.
Spot silver fell 0.2% to $24.8091 per ounce, but was set for its biggest weekly gain since March.
Platinum shed 0.4% to $969.08 and palladium dropped 1.1% to $1,280.62, but were poised for a second straight weekly rise.
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