Gold price today: $5,000 back in play as Fed minutes and U.S. data loom
Gold bounced sharply on Friday, gaining more than 2% to push back above $5,000 as softer U.S. inflation numbers fueled fresh bets on Fed rate cuts. Spot gold was up 2.1% at $5,022.06 an ounce by mid-afternoon in New York. U.S. April futures closed roughly 2% higher at $5,046.30. Silver rallied 3.4% to $77.70. Platinum and palladium moved up as well. Trader Tai Wong described the move as a “relief rally.”
