Commodities Update — Gold rebounds; Soybeans climb; Copper at 3-week high; China approves trading of soybean and soyoil options

RIYADH: Gold bounced to a fresh multi-week peak on Friday with its safe-haven allure getting a fillip as the dollar gave up initial gains following another jump in US inflation, with the current price range also seemingly attracting bids for bullion.

Spot gold is currently priced at $1,765.94 per ounce, while US gold futures are settled at $1,781.80. 

Soybeans up, wheat falls