Gold prices rose on Friday as the dollar declined, while the precious metal headed toward a limited weekly loss, as investors evaluate statements from US Federal Reserve officials regarding interest rates.
Spot gold rose 0.1 percent to $4,175.57 an ounce, but has lost 0.5 percent since the beginning of the week. US gold futures for December delivery rose 0.6 percent to $4,194.70 an ounce, according to CNBC.
In other precious metals markets, spot silver rose 0.7 percent to $57.81 an ounce, platinum rose 1.1 percent to $1,642.75, while palladium increased 1.5 percent to $1,143.46, yet all three metals headed for weekly losses.
