Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014.

China’s central bank has been buying physical gold to add to its reserves for at least the last three years  – and there’s growing speculation that the country may be purchasing even more of the metal in secret as part of a strategy to reduce its reliance on the U.

Gold prices witnessed a jump on Friday, driven by a weaker US dollar and persistent geopolitical and economic uncertainties. The rise in demand for the safe-haven metal was evident as spot gold rose 0.5% to $3,353.80 per ounce at 9:47am EDT (7:17pm IST). US gold futures also saw an increase of 0.5%, settling at $3,360.50 per ounce.

Gold prices remained mostly unchanged during early Asian trading on Friday, as strong U.S. economic data fueled a rally in the dollar and lifted risk sentiment, reducing the appeal of traditional safe-haven assets.

Missouri, Texas and other states have passed bipartisan laws designed to make it easier for consumers to spend their gold

Use our currency converter to find the live exchange rate between USD and XAU. Convert United States Dollar to Gold Ounce

West African governments are scrambling to make the most of a new gold rush. But the boom is also exacerbating existing challenges for the region. The post For West Africa, the Gold Boom Is a Double-Edged Sword appeared first on World Politics Review.

Silver prices hover near $39 as gold steadies and the dollar dips. Traders eye Fed signals and key resistance for the next silver market move.

Gold prices experienced a boost due to a weaker U.S. dollar and ongoing global economic uncertainty, enhancing its appeal as a safe-haven asset.

Given Sánchez is a loyal Hermès client — she’s the proud owner of multiple Birkins, and also brought out an exotic Kelly Cut during her wedding weekend — she’s likely one of the lucky few able to purchase a gold-dipped bag the old-fashioned way.