Gold climbs over 1 percent as dollar and yields ease
Gold prices rose more than 1 percent on a softer dollar and easing Treasury yields. Investors evaluated inflation concerns and upcoming Federal Reserve rate decisions. Other precious metals also advanced.
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Gold rose 1.1% to $4,177.44 per ounce on Friday morning, driven by a softer United States dollar and lower Treasury yields. The move follows a two-month low recorded on Wednesday, offering some relief to bullion investors amid ongoing inflation debates. US gold futures also gained 1.1% to $4,202.00 as market participants reassessed Federal Reserve policy expectations.
