In the morning session in Singapore at around 7:36 a.m., gold prices were recorded as having risen 0.7% to $4,187 per ounce, while the Bloomberg Dollar Spot Index was flat, indicating no significant pressure from the strengthening dollar.
Gold prices were stable but remained on track to rise for the fourth consecutive month. In Asian trading on Friday (November 28th) morning, positive sentiment stemmed from expectations that the Federal Reserve would cut interest rates next month. Comments from several Fed officials and the delayed release of economic data have made the market increasingly confident that borrowing costs will fall.
Source : Newsmaker.id
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