BusinessGold Hits One-Week High on Bargain Hunting Amid Fed Rate Hike Concerns
Gold prices rose for a second consecutive session on Friday, reaching a one-week high as bargain hunters bought after the metal fell to a two-month low earlier this week. Spot gold increased 1.5% to $4,194.36 per ounce, heading for a weekly gain of about 1.3%. Traders are weighing the chances of further US Federal Reserve interest rate hikes amid fluctuating Treasury yields.
Mint Markets·


