10:31 - 5.09.2025

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September 5, Fineko/abc.az. Gold prices rose in Asian trade on Friday, staying near recent highs amid growing expectations for a US interest rate cut, with upcoming non-farm payrolls data expected to add to the trend.

According to ABC.AZ, the precious metal, like a broader range of metals prices, was poised for a weekly gain as the dollar lost ground amid growing confidence in a rate cut in September.

Spot gold rose 0.4% to $3,559.82 an ounce, while gold futures for December delivery rose 0.3% to $3,617.87 an ounce by 09:04. Spot prices hit a record high of $3,578.80 an ounce earlier this week.