Gold rises as US dollar weakens
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E-mail Xinhua, November 26, 2022
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Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as the U.S. dollar weakened.
The most active gold contract for December delivery rose 8.4 U.S. dollars, or 0.48 percent, to close at 1,754 dollars per ounce.
Trade volume is low in the day as the U.S. Thanksgiving Day holiday and the holiday weekend continue.
Gold initially benefited from the Federal Reserve's minutes released on Wednesday that showed most members of the Fed's policy-setting committee lean toward smaller interest rate hikes going forward.
Silver for December delivery rose 6.3 cents, or 0.29 percent, to close at 21.43 dollars per ounce. Platinum for January delivery fell 9 dollars, or 0.9 percent, to close at 987.8 dollars per ounce.
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