Gold: Gold dipped on Friday but the metal stayed on course for a third consecutive weekly climb, as investors priced in earlier and deeper US rate cuts, supporting non-yielding bullion. Spot gold fell 0.1 percent to US$4,759.54 per ounce as of 03:16 GMT. The metal, however, has gained 1.8% so far this week.
According to Emirates News Agency, US gold futures for June delivery declined 0.7 percent to US$4,782.70. Despite the decline in spot gold prices, the metal is on track for a third consecutive weekly gain, driven by investor expectations of US rate cuts that bolster non-yielding bullion.
Among other metals, spot silver saw an increase of 0.9 percent, reaching US$75.74 per ounce. In contrast, platinum experienced a decline of 2 percent, falling to US$2,061.06, while palladium decreased by 1.2 percent, with its price dropping to US$1,539.43. These fluctuations in the prices of other metals highlight the mixed performance within the precious metals market.