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Australian shares are set to open higher. Coles and Woolies to hit trading after Emerson review. Qantas kicks off $448 million share buyback. Follow here for more.

Surat: There would be no kitchen without storage of potato for a week or there would be no ‘thali’ that does not have a potato dish.

Spot gold gained 1.5% to $2,324.15 per ounce, as of 2:03 p.m. EDT (1803 GMT), after hitting a record high of $2,330.06 earlier in the session.

US gold futures settled 1.6 per cent higher to $2,345.4.

U.S. crude oil rallied 4.5% last week, briefly touching $87 a barrel Friday.

Spot gold gained 1.3% to $2,320.04 per ounce, as of 10:57 a.m. EDT, after hitting a record high of $2,324.79 earlier in the session. Bullion has risen 3.8% so far this week and is headed for a third straight weekly gain. U.S. gold futures edged 1.4% higher to $2,339.70.

Gold prices climbed on Friday to hit a fresh record high, as multiple factors including U.S. interest rate cut bets, speculative buying and central bank purchases kept bullions record rally active...

International Business News: Gold prices surged to a record high of $2,301.21 an ounce, reflecting a 0.9% increase. This rise comes amid the Federal Reserve's ongoing cautious sta

Spot gold was down 0.3% at $2,291.88 per ounce as of 10:04 a.m. EDT (1406 GMT), after hitting a record high of $2,304.09 earlier in the day. U.S. gold futures fell 0.3% to $2,308.30. Strong central bank buying and safe-haven inflows amid growing geopolitical tensions have boosted demand for gold, helping to drive the price up more than 25% since October.

Gold prices: Factors affecting gold prices this week were a sudden shift in expectation of US interest rate cut and rising demand for safe-haven assets. Besides, geopolitical tensions in the Middle East and between Russia and Ukraine, along with an earthquake in Taiwan, led to increased investment in gold and other precious metals.