Gold rises slightly as oil prices fall and dollar declines

Gold prices edged higher on Friday, supported by falling oil prices and a weaker dollar. Spot gold rose 0.3% to $4,352.60 per ounce, while futures contracts fell 0.2%. Oil prices dropped 1%, and the dollar remained below its recent highs.

Gold prices edged higher on Friday, supported by falling oil prices and a weaker dollar. Spot gold rose 0.3% to $4,352.60 per ounce. In contrast, U.S. gold futures for December delivery fell 0.2% to $4,391.60. Oil prices dropped by one percent, while the dollar remained lower after retreating from its recent highs. A weaker dollar reduces the cost of dollar-denominated commodities for holders of other currencies. Traders are focusing on developments in the Middle East and expectations regarding global monetary policy. Source: news agencies.