Gold futures closed higher on Friday (Sept. 9), supported by a weakening U.S. dollar from a 20-year high and an appreciation of the euro.
- The gold futures were up $8.4, or 0.49%, at $1,728.6 per ounce. and rose almost 0.4% this week.
- Silver futures were up 32.5 cents, or 1.76 percent, at $18.767 an ounce.
- The platinum contract was up $10.5, or 1.21%, at $876.9 per ounce.
- The palladium futures were up $30.60, or 1.4%, at $2,177.60 an ounce.
Gold contracts gain buying momentum after the dollar falls. A weakening dollar makes gold contracts less expensive for holders of other currencies.
The dollar index against the six major currencies in a basket of currencies fell 0.64% to 109.0030 on Friday.
Gold market analysts believe that the tendency of the global economy to a recession, and the ongoing war in Ukraine will continue to support gold futures above $ 1,700.
The Spot Market is Closed
Saturday, September 10, 2022
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 04.00 | 1,717.10 1,718.10 | +8.20 +0.48% | 1,708.90 1,731.00 |
| Silver 04.00 | 18.83 18.93 | +0.31 +1.67% | 18.51 19.03 |
| Platinum 04.00 | 878.00 888.00 | -2.00 -0.23% | 876.00 903.00 |
| Palladium 04.00 | 2,107.00 2,257.00 | +37.00 +1.79% | 2,034.00 2,272.00 |
| Rhodium 04.00 | 14,200.00 16,200.00 | 0.00 0.00% | 14,200.00 16,200.00 |