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Gold holds near three-week lows, heads for second straight weekly fall

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold on Friday held steady near a three-week low hit in the previous session on a firmer dollar and strong U.S. economic data, and was headed for a second straight weekly fall. FUNDAMENTALS * Spot gold was nearly flat at $1,254 per ounce by 0106 GMT. It hit its weakest since May 24 at $1,251.18 on Thursday. The metal has fallen nearly 1 percent so far this week. * U.S. gold futures for August delivery rose 0.1 percent, to $1,256 per ounce.* Asian stocks were steady, while the dollar held near a two-week high after solid economic data backed the case for tighter ...

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First Published: Fri, June 16 2017. 06:55 IST