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2026-07-03T21:26:38.802Z

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UAE Gold Prices Post Modest Gains

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German institute warns of rising fuel support costs

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German institute warns of rising fuel support costs

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Gold set for weekly rise amid lower rate hike prospects

Gold set for weekly rise amid lower rate hike prospects

Gold prices rose by more than 1.4% today, Friday, reaching their highest level since June and heading towards weekly gains of 2.2%. This came after weaker-than-expected US employment data, which led to a decline in expectations of the Federal Reserve raising interest rates. Other precious metals also increased, with silver up by 2.9% and platinum by 2.8%, as the market heads towards its highest level in a week following reduced prospects of interest rate hikes.

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