Gold rises to one-week high as oil softens
Spot gold rose 1.3% to $4,186.04 by 09:39 a.m. EDT, hitting a one-week high as oil prices fell.
Gold climbed to a one-week high on Friday as weaker oil prices eased inflation worries and pressure on US Treasuries, while traders weighed the chances of further US Federal Reserve interest-rate increases. m. EDT (1339 GMT…).