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Philippines Gold price today: Gold rises, according to FXStreet data

Gold prices in the Philippines rose modestly on Friday, with FXStreet reporting the 1-gram price at PHP 9,159.70, up from PHP 9,107.10 the prior day (about a 0.6% increase). Tola and troy-ounce measures also edged higher to PHP 106,837.50 and PHP 284,889.70 respectively. FXStreet notes local prices are derived by converting international XAU/USD levels into PHP using prevailing USD/PHP rates and are updated daily. The move is small and likely of limited immediate market impact, though gold’s trajectory remains sensitive to US dollar moves, Treasury yields and geopolitical risk (notably ahead of US NFP data), which can provide broader support for bullion.

Category

Gold

Sentiment

Neutral

Event

Market data

Reading time

1 min