Mumbai: Global gold markets witnessed a day of cautious stability on Friday, as a weakening U.S. dollar helped buoy prices while simultaneously rising Treasury yields prevented the precious metal from making significant gains. The trading session reflected a tug-of-war between mixed economic signals, with investors positioning themselves ahead of the long-awaited U.S. inflation reading.

Gold prices in the international market edged up by nearly half a percent, with spot gold hovering around $4,227 per ounce, while U.S. gold futures climbed about 0.4% to $4,258. Despite Friday’s modest rise, the metal is still bracing for a slight weekly decline, underscoring the cautious sentiment prevailing among traders.

Market analysts say the principal driver behind gold’s support has been the soft

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