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[size=45][size=41]Weak dollar supports gold[/size]
20 hours ago
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20 hours ago
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Gold prices rose on Friday, supported by a weak dollar, as investors awaited US jobs data to learn about the Federal Reserve's plans to start reducing asset purchases.
And gold in spot transactions increased 0.2 percent to $ 1812.97 an ounce, by 06:41 GMT, and fell 0.2 percent in the week.
US gold futures also rose 0.2 percent to $ 1814.80 an ounce.
The dollar index is hovering near the bottom of a month, which enhances the attractiveness of gold to holders of other currencies. The US currency is heading for a decline for the second week in a row.
Gold is considered a hedge against inflation and currency instability caused by the unprecedented stimulus measures.
For other precious metals, silver rose 0.3 percent to $23.96 an ounce.
Platinum rose 0.3 percent to $ 1001.66, while palladium rose 0.6 percent to $ 2415.49.
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