Gold heads for second weekly loss, investors eye US inflation data
Add BT as a preferred source
GOLD prices fell on Friday, poised for a second consecutive weekly loss as a slight uptick in the dollar pressured bullion while markets awaited US inflation data for signals on Federal Reserve rate policy.
Spot gold was down 0.4 per cent at US$3,314.27 per ounce, as of 0051 GMT. Bullion was down 1.6 per cent so far this week.
US gold futures fell 0.6 per cent to US$3,327.
Spot silver was steady at US$36.59 per ounce, platinum firmed 0.6 per cent to US$1,426.19, while palladium gained 3.2 per cent at US$1,167.64. All three metals were headed for weekly gain.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
