Gold prices edged higher early Friday and were on track for their biggest weekly gain since mid-April as the dollar softened and stocks eased amid the ongoing political crisis in the United States that weakened risk appetite.
Spot gold rose 0.3 percent to $1,250.20 per ounce by 0102 GMT. It slipped 1.1 percent on Thursday in its biggest one-day percentage drop since May 3 to snap a five-day rally. The yellow metal was up about 1.8 percent for the week thus far.
U.S. gold futures were down 0.2 percent at $1,250.40 an ounce.
The dollar traded above six-month lows against an index of six major currencies on Friday but was down 0.1 percent after gaining some reprieve overnight, helped by solid U.S. economic data. For Any Commodity Market News Please Visit : www.paceresearchindia.com and Call : 8817774774
Spot gold rose 0.3 percent to $1,250.20 per ounce by 0102 GMT. It slipped 1.1 percent on Thursday in its biggest one-day percentage drop since May 3 to snap a five-day rally. The yellow metal was up about 1.8 percent for the week thus far.U.S. gold futures were down 0.2 percent at $1,250.40 an ounce.
The dollar traded above six-month lows against an index of six major currencies on Friday but was down 0.1 percent after gaining some reprieve overnight, helped by solid U.S. economic data. For Any Commodity Market News Please Visit : www.paceresearchindia.com and Call : 8817774774
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