Bengaluru — Gold prices rose for a third consecutive session on Friday to their highest since September as the slumping dollar drew investors to buy the metal. Bullion is on track for its fifth weekly gain. Spot gold edged up 0.3% to $1,326.68/oz by 3.18am GMT. Prices rose their highest since September 15 2017, at $1,327. Gold is up 0.5% for the week so far and the streak of weekly gains is the most since the week ending April 14. US gold futures were up 0.3% at $1,326.90/oz. The dollar index, which measures the greenback against six rival currencies, fell to its lowest since September 20 2017, at 91.689. The euro jumped against the dollar as the European Central Bank (ECB) signalled it could begin to wind down its €2.5-trillion stimulus programme this year. A stronger euro potentially boosts demand for gold by making dollar-priced bullion cheaper for European investors. "There is a lot of doubt on how long prices have run from here.… Prices have only risen despite the Fed raising i...
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