Gold Prices Stabilize Amid Weekly Record Momentum

Gold prices held steady early Friday in Asian trading but are on track for their strongest weekly performance since mid-November 2024. This development comes as investors await U.S. economic data to gauge the Federal Reserve’s (Fed) potential interest rate path for the year.

Spot gold remained unchanged at $2,670.16 per ounce, marking gains exceeding 1% since the start of the week.

Meanwhile, U.S. gold futures edged up 0.1% to reach $2,694.50 per ounce.

For other precious metals, silver dipped by 0.1% in spot trading to $30.12 per ounce, while platinum also fell 0.1% to $957.98 per ounce. Palladium, however, rose nearly 1% to $934.28 per ounce. All three metals are poised for weekly gains as well.