Khaberni - Gold prices rose slightly today, Friday, heading towards achieving weekly gains supported by a dollar decline, although these gains remained limited due to statements by officials in the Federal Reserve which dashed hopes for a rate cut next month.
Gold in spot transactions climbed 0.2 percent to $4180.57 per ounce, achieving gains of 4.5 percent since the beginning of the week, according to the CNBC network.
Conversely, US futures contracts for gold delivery in December fell 0.3 percent to $4183.40 per ounce.
The Dollar Index, which measures the performance of the US currency against a basket of competing currencies, is on track to decline for the second consecutive week, making gold more attractive to holders of other currencies.
As for other precious metals, silver in spot transactions rose 0.6 percent to $52.64 per ounce, platinum climbed 0.6 percent to $1589.80, and palladium increased 0.6 percent to $1435.20.
