Gold rises to one-week high, heads for weekly gain on easing oil prices

On Friday, gold prices surged to reach a one-week peak, hinting at a potential weekly gain. This rally was bolstered by falling oil prices, which alleviated inflation concerns. Nonetheless, the appreciation of the US dollar restrained further growth in gold values. Market sentiment remains shaped by the Federal Reserve's interest rate hikes, with silver, platinum, and palladium also posting gains alongside gold.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.