Gold rises 1.1% as Fed outlook and dollar in focus
Spot gold gained 1.1% to $4,177.44 per ounce, with a softer US dollar, easing Treasury yields, and lower oil prices cited as supportive.
Gold advanced more than 1% on Friday, supported by a softer US dollar, easing Treasury yields and weaker oil prices, as investors assessed lingering inflation concerns and the outlook for Federal Reserve interest rates. 44 per ounce by 0353 GMT.