Gold rallies to 3-month high on weaker dollar, bullish technicals
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Gold climbed to a more than three-month high on Friday, on track for its third straight weekly gain, aided by a break above key technical levels as the U.S. Treasury's buyback support plan dragged on the dollar. Spot gold climbed 2.1 percent to $4,612.17 per ounce by 12:29 p.m. EDT (1629 GMT), earlier touching $4,620.14 — its highest since May 15. U.S. gold futures rose 2.2 percent to $4,670.60. Prices have gained over 5 percent so far this week, including the biggest one-day rise since early Fe
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