hover gold It was near its highest level in two months, today, Friday, as inflation and geopolitical risks boosted the safe-haven precious metal, while palladium is heading for its best week since March thanks to strong demand.
And the price of gold in spot transactions fell 0.2% to $ 1835.13 an ounce. US gold futures fell 0.4% to $1,835.40.
Gold rose about 0.9% this week after prices jumped to a two-month high of $1,847.72 on Thursday as US 10-year Treasury yields fell.
Investors are now focused on the US Federal Reserve meeting scheduled for January 25-26, as it plans to raise interest rates to counter inflation.
And the price of palladium in spot transactions jumped 0.8% to $ 2075.68 an ounce, on its way to achieving a weekly gain of more than 10%. Platinum rose 0.1% to $ 1040.40, on its way to its best week since last June.
While silver settled at 24.44 dollars an ounce on the way to record the best weekly gain in a year after rising by 6.4%.