Gold Edges Up, Poised for Weekly Gains

The price of gold inched up slightly today, Friday, setting its course for weekly gains. Gold in spot transactions rose by 0.3% to $4700.80 per ounce as of 00:59 GMT.

So far, it achieved a 1.9% increase since the beginning of the week.

Meanwhile, U.S. gold futures for June delivery remained steady at $4709.90 per ounce.

Silver also saw a rise, increasing by 0.8% to $79.10 per ounce. Platinum went up by 0.5% reaching $2032.70, and palladium added 0.1% to its value at $1482.50.