WORLD CAPITALS, 26th July, 2024 (WAM) — Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key US inflation reading that could offer more cues on when the Federal Reserve will cut interest rates, Reuters reported.
Spot gold was up 0.3% at $2,370.62 per ounce, as of 0416 GMT, but has lost more than 1% for the week. Also, the US gold futures climbed 0.8% to $2,371.30.
Spot silver fell 0.7% to $27.77 per ounce and platinum gained 0.5% to $937.80. Both metals were on track for a third straight weekly fall.
Palladium rose 0.9% to $914.90, Reuters added.
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