Episode Details

Gold prices edged up on Friday due to a weaker dollar and falling oil prices, with spot gold reaching $2,335.69 per ounce and U.S. gold futures at $2,347.80. The dollar index fell, making gold more affordable for international buyers, while oil prices dropped following U.S. peace talks with Iran, reducing inflation pressure and boosting gold prices. However, gains were limited as stronger-than-expected U.S. business activity in May suggested the Federal Reserve might maintain interest rates, making gold less attractive. Next weeks key inflation data will influence the Feds decisions, with ongoing debates about rate cuts. Silver and platinum also rose, setting the stage for market volatility as economic data unfolds.

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