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Gold Hits One-Week High on Bargain Buying

Economy

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New York, October 10 (QNA) - Gold prices climbed to a one-week high on Friday, supported by investors buying the precious metal after prices fell earlier in the week.

Spot gold rose 1.5% to $4,194.36 an ounce, putting it on track for a weekly gain of about 1.3%. US gold futures for December delivery settled 1.4% higher at $4,216.30 an ounce.

Gold fell to a two-month low on Wednesday, pressured by a stronger US dollar and rising Treasury yields.

Other precious metals also gained, with spot silver up 2.4% to $60.77 an ounce, platinum rising 3.1% to $1,685.64 and palladium climbing 2.1% to $1,146.39 an ounce. (QNA)

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