Gold rises to a one-week high, set for weekly gain
Spot gold rose 0.3% to $4,352.39/oz by 11:17 a.m. EDT and is on track for its first weekly gain in four as easing oil prices reduce prolonged inflation concerns, though a stronger dollar limited gains.
Gold prices climbed to a one-week high on Friday and were headed for their first weekly gain in four, as lower oil prices eased worries about prolonged inflationary pressures. A stronger dollar capped further advances. m. EDT.