Precious metals, copper prices surge

Precious metals and copper prices saw a notable increase in global markets on Friday, according to the latest updates, as investors closely monitored global economic developments and demand forecasts for metals.

The price of gold reached USD 2,569.32 per ounce, marking an increase of 0.10 percent. Silver prices also rose to USD 30.64 per ounce, up by 0.81 percent.

In the industrial metals market, copper saw a significant jump, reaching USD 4.17 per pound, up by 2.22 percent.

Palladium's price increased to USD 963.53 per ounce, gaining 2.80 percent. Platinum also rose by 1.29 percent, reaching USD 955.25 per ounce.

Despite these increases, gold prices are still on track to record their worst weekly performance in over three years, due to the rise of the dollar, which has put pressure on the precious metal.

Spot gold prices rose by 0.1 percent, reaching USD 2,569.69 per ounce by 03:08 GMT, after a five-session decline.

Despite this slight rise, gold has dropped by more than 4 percent since the beginning of the week.

Gold had previously recorded its lowest level in two months during the previous session, down more than USD 220 from the record high reached last month.

US gold futures also rose by 0.1 percent, reaching USD 2,574.50 per ounce.