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SGOL / Gold futures end at highest since August, up 5.5% for the week

Gold futures end at highest since August, up 5.5% for the week
Gold futures finished higher on Friday, holding ground at their highest since August and posting a gain of 5.5% for the week. Prices for the precious metal got a boost as the U.S. dollar fell to a more than two-month low on the back of the October consumer price index data released Thursday, which fed expectations that the Federal Reserve may slow the pace of interest-rate hikes. Read More
Posted: Nov 11 2022, 13:57
Author Name: Market Watch
Views: 111880

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Gold futures edge higher for the week

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Gold futures edge higher for the week

Gold futures climbed on Friday to register a modest gain for the week. Prices got a boost as a weaker-than-expected rise in the June U.S. jobs report more_horizontal

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Gold ETFs Hit New 52-Week Highs

By Zacks Investment Research
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Gold has been shining in recent months, buoyed by safe-haven demand amid recession fears and the banking turmoil. more_horizontal

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