CHICAGO, May 27 -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as the U.S. dollar index fell.

The most active gold contract for August delivery rose 3.4 U.S. dollars, or 0.18 percent, to close at 1,857.3 dollars per ounce.

Investors also weighed the cooling U.S. inflation figure, as the Commerce Department reported Friday that the U.S. personal consumption expenditures index (PCE), a key inflation gauge, rose just 0.2 percent in April, the smallest monthly increase of the index in a year and a half. The rate of core PCE inflation slowed to 4.9 percent year on year in April, from 5.2 percent in March.

Gold found additional support as the University of Michigan's consumer sentiment index fell to 58.4 in the May 2022 survey, down from 65.2 in April and below last May's 82.9.

Gold's floor trading will be closed Monday to mark U.S. Memorial Day holiday.

Silver for July delivery rose 13.1 cents, or 0.6 percent, to close at 22.096 dollars per ounce. Platinum for July delivery rose 5.6 dollars, or 0.6 percent, to close at 943 dollars per ounce.

  - Xinhua