ABU DHABI, UAE– Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while traders awaited remarks from several Federal Reserve officials.
According to Reuters, spot gold edged 0.2 percent higher to $2,047.29 per ounce, as of 0635 GMT, after hitting $2050.59 on Thursday – its highest level since 2nd February. Bullion was headed for a second consecutive weekly gain.
US gold futures were steady at $2,055.60, WAM reported.
Spot platinum rose 0.6 percent to $881.40 per ounce, and palladium also jumped 0.6 percent to $947.35.
However, both posted a second consecutive monthly decline, with palladium touching more than five-year lows of $849.13.
Spot silver rose 0.3% to $22.74 per ounce.
