This Friday, gold prices rose. They are headed higher for the week, supported by a weaker dollar while investors await new economic indicators Americans to assess the probability of a rate cut in December, after restrictive statements by Federal Reserve officials.

Spot gold gained 0.3% at $4,183.31 per ounce around 06:38 GMT. The precious metal displays a increase of 4.6% since the start of the week.

American gold futures for deliveries in December fell by 0.2% to $4,185.90 per ounce.

“This week, gold performed well, mainly due to a slight weakening of the dollar and flows speculative expectations of a rate cut by the Fed,” Brian said Lan, managing director of GoldSilver Central.

Elsewhere, cash has increased by 1% at $52.82 per ounce and heading for its best week since September 2024, with an increase of 9.3%.

Platinum won 0.4% on Friday to $1,586.80, while palladium rose by 0.2% to $1,429.80