Gold eyes biggest weekly gain since January

03/03/2023 Argaam

Gold eyes biggest weekly gain since January

Gold prices rose today, March 3, and looked set to post their biggest weekly gain since mid-January, as traders assessed prospects of further rate hikes by the US Federal Reserve.

 

Gold futures for April delivery was trading 0.47% higher at $1,849.10 per ounce at 10:15am Makkah time.

 

Spot gold was 0.37%, or $6.71, higher at $1,842.58 per ounce, boosting its weekly gains to 1.6%.

 

Silver futures for May delivery added 1.1% to reach $21.13 per ounce. Spot platinum prices gained 0.44% to $968.95. Palladium went up 0.16% to $1,453.91.

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