Amid anticipation of US data, gold is heading to record weekly gains

Gold prices stabilized today, Friday, in early Asian trading, but they are heading to record the strongest weekly performance since mid-November 2024, amid anticipation about the path that the Federal Reserve, the US central bank, will follow regarding interest rates this year.

Instant transactions

Gold settled in instant transactions at $2,670.16 per ounce, and achieved gains of more than one percent since the beginning of the week until now.
It rose for gold by about 0.1% to $2,694.50. As for other precious metals, silver fell in spot transactions by 0.1% to $30.12 per ounce, platinum fell by 0.1% to $957.98, while palladium increased by about one percent to $934.28.