Gold prices at US$1,899

Business | 11 Jun 2021 9:45 am

Gold prices hovered near the key US$1,900 per ounce level on Friday, helped by a weaker dollar and U.S. bond yields, as investors shrugged off data that showed a rise in U.S. inflation and hoped the Federal Reserve would not change its dovish stance, Reuters reports.

Spot gold was up by 0.1 percent at US$1,899.28 per ounce, as of 0059 GMT. Prices have risen by 0.5 percent so far this week.

U.S. gold futures climbed by 0.3 percent at US$1,901.20 per ounce.

The dollar index fell to trade at 90.057 after hitting a near one-week high in the previous session.

 



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