Gold traders took heart from developments in Italy sending gold higher and the U.S. dollar lower in inflation fears.
The dollar index fell 0.95 percent to 76.91 as West Texas Intermediate crude oil gained $1.25 to $99.03.
Gold was up $28.60 to $1,787.50 on the Comex division of the New York Mercantile Exchange. Silver rose on possible short-covering sparked by soaring equity prices. Silver was up 56.6 cents to $34.671.
The euro rose to $1.3754 from Thursday’s $1.361. Against the yen, the dollar fell to 77.12 yen from Thursday’s 77.65.
The British pound rose to $1.6073 from Thursday’s $1.5935. Against the Hong Kong dollar, the U.S. standard fell to 7.7778 HKD from 7.7789 HKD.
The dollar fell to 1.0133 Canadian from 1.0172 Canadian. The Australian dollar rose to $1.0277 from Thursday’s $1.0156.
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