Gold continued its upward momentum, edging higher on Friday, extending the previous day's rally, as expectations that the U.S. Federal Reserve will take its time over raising interest rates
Analysts said the market had become worried after gold fell to $1,064.95 U.S. an ounce, its lowest since February 2010.
On Friday, spot gold slipped 0.3% to $1,078.71 U.S. an ounce, while gold futures for December delivery stateside were up 30 cents an ounce at $1,078.20 U.S..
Experts say the shiny yellow metal is set to end the week little changed after prices jumped 1.1% on Thursday.
Moreover, silver prices improved 0.1% to $14.23 U.S. an ounce, while platinum gained 0.6% to $858.50 U.S. an ounce. Palladium was up 2.3% at $548.72 U.S. an ounce.
Related Stories
