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Gold prices on track for weekly gain: Check today' rates

Business

Gold is on track for a weekly gain, finishing as of early Friday at $4,180.57 an ounce (up 0.2% for the day and 4.5% this week).
The main reason? The US dollar has been slipping, making gold more appealing to global investors.
Still, the excitement was held in check as US Federal Reserve officials signaled they're not rushing into more interest rate cuts.

Other metals also see a rise

It's not just gold getting attention—SPDR Gold Trust saw a small bump in holdings, and other metals like silver, platinum, and palladium also rose about 0.6%.
With the dollar down and rate cut hopes cooling off a bit, precious metals are becoming more attractive to investors looking for safer bets.