Gold rises 1%, heads for first weekly gain in five weeks
- Last updated: July 3, 2026 | 13:59
Picture used for illustrative purposes.
Gold rose more than 1 per cent on Friday and was set for its first weekly gain in five, as investors dialled back expectations for US rate hikes.
Spot gold was up 1.3 per cent at $4,177.31 per ounce, as of 04:16 GMT, hitting its highest level since 23rd June.
US gold futures for August delivery gained 1.6 per cent to $4,190.70.
Spot silver rose 2.3 per cent to $62.41 per ounce, platinum gained 2.5 per cent to $1,656.05, and palladium climbed 1 percent to $1,281. All three metals were near their highest levels in more than a week and headed for weekly gains.