Price movements
settle down gold In spot transactions, it was at $2,035.88 per ounce by 02:39 GMT, while it rose 1.6 percent since the beginning of the week.
US gold futures increased 0.3 percent to $2,050.
“The possibility of lower interest rates is very bullish for gold,” said Kyle Rodda, a financial markets analyst at Capital.com.
The US Central Bank kept interest rates unchanged on Wednesday, and its president said Jerome Powell The historic tightening of monetary policy is likely over.
And you put the low interest in United State put pressure on Dollar and bond yields, which increases the attractiveness of non-yielding bullion.
The dollar is heading for a weekly decline after hitting its lowest level in four months yesterday, Thursday, which makes gold less expensive for holders of other currencies.
As for other precious metals, it declined Silver 0.2 percent to $24.08 per ounce, while platinum rose 0.1 percent to $958.87. The two metals are heading for weekly gains.
Palladium fell 0.5 percent to $1,096.86, but it is on track to record its best weekly performance since March 2022, after it rose this week so far by 15.5 percent.
