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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