Gold futures staged a recovery from early losses, buoyed by a weakening dollar and softer-than-anticipated inflation data. The latest Producer Price Index (PPI) released by the U.S.

Gold futures tumbled $36.10 (1.33%) today as the U.S. dollar climbed to its highest level in over two years. The dollar index reached 109.939, advancing 0.19 points and touching an intraday peak of 110.249 – levels not seen since November 2022.

The financial markets experienced significant volatility Friday as both gold and the U.S. dollar demonstrated remarkable resilience, defying initial reactions to the December nonfarm payroll report.