Gold price nears $5,000 again as banks lift forecasts; traders eye Fed next week
Spot gold hit a record $4,988.16 an ounce Friday before easing to $4,976.63, up 0.8%, as the dollar index fell 0.6%. Gold ETFs and miners gained in U.S. trading. Indian dealers charged premiums up to $112 an ounce, the highest since 2014, as buyers rushed ahead of the Feb. 1 budget. Silver surged 5.1% to about $101 an ounce.