Gold Set For Second Weekly Gain, Prices Edge higher – 20 January, 2022

Gold prices were higher by the end of the week and on track for a second weekly gain as investors look to the Federal Reserve meeting for clues to its tightening timeline., lifting the metal’s appeal. Spot gold was up 0.1% to $1,840.59 per ounce, just below Thursday’s two-month high of $1,847.72 per ounce. U.S. gold futures were 0.1% lower at $1,840.80 per ounce. Gold has gained about 1.3% so far this week and is poised for a second weekly rise this month.