Singapore, May 08 (QNA) - Gold prices edged higher on Friday and were on track for weekly gains, supported by easing inflation concerns and continued investor optimism over the possibility of a peace agreement between the United States and Iran, despite renewed regional tensions.
Spot gold rose 0.3% to $4,700.80 per ounce, bringing its weekly gains to 1.9%.
US gold futures for June delivery also advanced, settling at $4,709.90 per ounce.
Among other precious metals, spot silver climbed 0.8% to $79.10 per ounce, while platinum gained 0.5% to reach $2,032.70. Palladium also edged up 0.1% to $1,482.50 per ounce. (QNA)