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Gold, silver prices rise on weaker U.S. dollar

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Gold, silver prices rise on weaker U.S. dollar

2026-05-09 11:46 Last Updated At:12:07

International futures prices of gold and silver advanced on Friday, supported by a softer U.S. dollar and ongoing market caution amid geopolitical uncertainties.

As of the close of trading, the gold futures for June delivery on the New York Mercantile Exchange rose 0.42 percent to settle at 4,730.70 U.S. dollars per ounce.

The silver futures for July delivery gained 0.85 percent to close at 80.865 U.S. dollars per ounce.

Gold, silver prices rise on weaker U.S. dollar

Gold, silver prices rise on weaker U.S. dollar

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U.S. dollar ticks down

 

The U.S. dollar weakened in late trading on Friday.

The dollar index, which measures the greenback against six major peers, fell 0.17 percent to 97.900 at 1900 GMT.

In late New York trading, the euro rose to 1.1778 dollars from 1.1751 dollars in the previous session, and the British pound was up to 1.3622 dollars from 1.3583 dollars in the previous session.

The U.S. dollar bought 156.71 Japanese yen, higher than 156.67 Japanese yen in the previous session. The U.S. dollar decreased to 0.7766 Swiss francs from 0.7788 Swiss francs, and it climbed to 1.3681 Canadian dollars from 1.3635 Canadian dollars. The U.S. dollar lost to 9.2323 Swedish kronor from 9.2432 Swedish kronor.

U.S. dollar ticks down

U.S. dollar ticks down

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