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Gold Set For Worst Week In More Than 2 Months
(MENAFN- The Peninsula)
QNA
New York: Gold prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered safe-haven demand, while the market's focus shifted to the US non-farm payrolls report, due later in the day.
Spot gold was steady at $3,240.34 an ounce. The metal has lost more than 2% so far this week, the steepest weekly fall since late February.
US gold futures rose 0.8% to $3,248.80.
Spot silver rose 0.2% to $32.47 an ounce, platinum firmed 0.8% to $966.08 and palladium gained 0.3% to $943.50.
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