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Gold advanced more than 1% on Friday on a combination of cooling oil prices and a softer U.S. dollar, with markets weighing the likelihood of further Federal Reserve interest-rate hikes.
By Ashitha ShivaprasadGold rose more than 1% on Friday, helped by a softer US dollar and lower oil prices, while market players weighed lingering inflation concerns and the outlook for Federal Reserve interest rates.Spot gold TVC:GOLD rose 1.4% to $4,190.57 per ounce by 0630 GMT after hitting a two…
Gold rose more than 1% on Friday, helped by a softer US dollar and lower oil prices, while market players weighed lingering inflation concerns and the outlook for Federal Reserve interest rates. Spot gold rose 1.4% to $4,190.57 per ounce by 0630 GMT after hitting a two-month low on Wednesday. Prices headed for a…