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Gold Prices Steady, Set for Weekly Loss on Stronger Dollar

Doha: Gold prices held steady on Friday, but were on track for a weekly loss as pressure from a stronger dollar outweighed support from trade uncertainty caused by new US tariffs. Spot gold was unchanged at $3,289.79 per ounce. Bullion is down 1.4% so far this week. US gold futures eased 0.3% to $3,340.20. The dollar index hit its highest level since May 29, making gold more expensive for other currency holders.

According to Qatar News Agency, among other precious metals, spot silver was steady at $37.10 per ounce, platinum fell 0.3% to $1,308.85, and palladium rose 0.9% to $1,216.25.

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