Gold on track for fifth weekly gain

Gold on track for fifth weekly gain

Mubasher: Gold prices on Friday jumped to their highest level since September, supported by the declining US dollar.

By 08:35 am GMT, gold futures grew by 0.47% to $1,328.7 per ounce, while gold spot rose 0.5% to $1,329.03 per ounce.

Meanwhile, the US dollar index dropped 0.40% to 91.487 while investors wait for inflation and retail sales data due later in the day.

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Source: Mubasher

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