Oct 22 (Reuters) - Gold prices gained for a fourth consecutive session on Friday, and were on track for a second straight weekly gain as a weaker U.S. dollar and growing inflationary pressure boosted demand for the safe-haven metal.
Spot gold rose 0.6% to $1,793.59 per ounce by 1130 GMT, and was up 1.4% for the week.
U.S. gold futures gained 0.7% to $1,795.00.
The dollar index headed for a second week of declines, lending support to gold by making it more attractive for buyers holding other currencies.
PRECIOUS-Gold set for second weekly gain as dollar weakens
- by: Arundhati Sarkar
- October 22, 2021
- Source:
DYNAMIC WEALTH RESEARCH
- 10/27/2022
gold bars (cover) by N/A is licensed under Adobe Stock
gold bars (cover) by N/A is licensed under Adobe Stock
