The U.S. dollar index is fading as we move into the weekend, giving gold prices a boost. As well as the dollar index hovering around a three-month low, the precious metal is also gaining ground as much of the market awaits the latest inflation data. This is set to be revealed in the upcoming November Producer Price Index report, scheduled to be released later today (Friday).
Gold has gained £2.03 ($2.50) so far to trade around £1,468 ($1,800). Buy now.