Incheon:Gold prices saw an increase on Friday, recovering from a significant drop to their lowest point in over a year during the previous session. Despite this recovery, gold prices are still expected to end the week with a loss.
According to Emirates News Agency, spot gold rose by 1 percent, reaching US$3,915.31 per ounce as of 0322 GMT. However, it remains 3.5 percent lower for the week. Similarly, US gold futures for December delivery increased by 0.9 percent, settling at US$3,919.60.
Other precious metals also experienced gains. Spot silver increased by 1 percent to US$50.49 per ounce, while palladium rose by 2.1 percent to US$1,014.50, though both are projected to close the week with declines. Conversely, spot platinum saw a 1.3 percent rise to US$1,538.22, and it is expected to achieve a modest weekly gain.