Gold price (XAU/USD) rises modestly on Friday on the back of the softer US dollar (USD) and lower US yields.
Gold price trades with a mild positive bias on Friday. The weaker USD and decline of US yields support the yellow metal. Investors will take more cues from the US April PCE inflation data, which is due on Friday. Gold price rises modestly on Friday on the back of the softer US dollar and lower US yields. Traders place higher bets that the Federal Reserve will cut the interest rate this year after the recent weaker US GDP data.
US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.00% -0.02% -0.03% -0.15% -0.15% -0.19% -0.09% EUR 0.02% -0.02% -0.02% -0.11% -0.11% -0.14% -0.06% GBP 0.02% 0.00% 0.00% -0.10% -0.10% -0.14% -0.05% CAD 0.03% 0.01% 0.01% -0.10% -0.10% -0.13% -0.05% AUD 0.13% 0.10% 0.11% 0.09% -0.02% -0.05% 0.03% JPY 0.14% 0.14% 0.10% 0.09% 0.00% -0.
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