Doha: Gold prices rose on Friday, heading for their best weekly performance in three months, supported by growing expectations of a US interest rate cut in September. Spot gold edged up 0.1% to $3,550.41 per ounce, nearing its all-time high of $3,578.50 touched last Wednesday. US gold futures for December delivery also rose 0.1% to $3,609.10 per ounce. For the week, the precious metal has gained about 3%, putting it on track for its strongest weekly advance since June.
According to Qatar News Agency, Among other precious metals, spot silver added 0.1% to $40.70 per ounce, platinum climbed 1.1% to $1,382.18, while palladium was up 0.1% at $1,129.12.