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Gold levels up $9 at Friday’s end, records weekly gain

Gold levels up $9 at Friday’s end, records weekly gain

Mubasher: Gold prices grew at Friday’s settlement, rising 1.1% for the week.

Comex February gold gained $8.9, or 0.6%, to settle at $1,481.2 per ounce.

By 07:30 pm GMT, the US dollar index (DXY), which measures the US currency against a basket of six major currencies, went down by 0.23% to 97.17.

It is worth noting that the US and China agreed on Friday to an initial trade deal that would reduce tariffs between the two countries.