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The Economic Times
The Economic Times

Gold rallies to 3-month high on weaker dollar, bullish technicals

Gold United States silver US Treasury

Gold climbed to a more than three-month ​high on Friday, on track for ​its third straight weekly gain, aided by a break above ​key technical levels as the U.S. Treasury's buyback support plan dragged on the dollar.

Spot gold climbed 1.6% to $4,590.51 per ounce by 10:19 a.m. EDT (1419 GMT), earlier touching $4,604.18 - its highest since May 15. ‌U.S. gold futures ⁠rose ⁠1.7% to $4,647.00.

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