Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets.
Spot gold XAU= was down 0.1% at $2,033.29 an ounce, as of 01:13 GMT. However, Li gold has increased by 1.5% this week. US GCcv1 gold futures rose 0.1% to $2,047.60.
Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets.
The Fed left interest rates unchanged on Wednesday and Chairman Jerome Powell said the historic tightening of monetary policy would likely end after talk of cutting borrowing costs “is under review.” ".