Gold prices climbed higher on Friday as worries about inflation and Fed Chair Jerome Powell's comments about reducing bond purchases pushed up the demand for the safe haven commodity.
A weak dollar also contributed to gold's uptick. The Dollar Index, which dropped to 93.54 around late morning, briefly emerged above the unchanged line a little past noon before edging lower again. It is currently at 93.70, down 0.07% from the previous close.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.