On Friday, the gold price rose slightly and was on track for its first weekly increase in four weeks, with US economic data indicating a relaxation of pressure on prices.

Spot gold was up 0.2% at $2,306.89 per ounce at 0334 GMT. The ingot has gained 0.5% so far for the week. US gold futures rose 0.2% to $2,322.00. Kyle Rodda, a financial market analyst at Capital.com said that “data supporting the Fed's rate cuts over the past two days at the margin, notwithstanding the confusing communications from the Fed meeting, caused some volatility in the gold market

Spot silver rose 0.3% to $29.08 per ounce, platinum rose 0.9% to $955.32, and palladium gained 0.8% to $890.28. All three of these metals were heading for weekly losses