Gold prices slightly higher on Friday ahead of US data

24/02/2023 Argaam

Gold prices rose slightly today, Feb. 24 as the US dollar kept unchanged amid increased uncertainty about the US monetary policy and before the release of significant economic data.

 

The personal spending data is expected to be released today. It is forecast to rise 0.4% in January compared with 0.3% in the previous month.

 

Gold futures for April delivery inched up 0.26% to $1,831.60 an ounce at 10:22 am Makkah time. Spot prices stabilized at $1,823.60 an ounce.

 

Gold prices, however, head for the fourth-straight weekly losses as they fell by around 0.8% this week.

 

Silver futures for March delivery were down 0.22% to $21.39 per ounce.

 

Spot prices for platinum fell 0.30% to $948.33, while palladium prices declined 0.67% to $1,442.45.

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