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Gold Prices Rise on Weaker US Dollar

Economy

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New York, February 07 (QNA) - Gold prices rose in trading, heading toward weekly gains, supported by a wave of buying and a decline in the US dollar.
Spot gold climbed 3.9 percent to $4,954.92 per ounce, while US gold futures rose 1.8 percent to $4,979.80 per ounce.
Meanwhile, spot silver prices jumped 8.6 percent to $77.33 per ounce. Platinum rose about 5.4 percent to $2,093.50 per ounce, while palladium gained nearly 7 percent to $1,737.01 per ounce. (QNA)

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