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Gold on track for biggest weekly gain in five

Reuters 

By Vijaykumar VedalaREUTERS - Gold prices edged up on Friday and were on track for their biggest weekly gain since mid-April as the dollar eased amid lingering political turbulence in the United States.In the previous session, the metal snapped a five-day rally and slipped 1.1 percent on profit-taking, its biggest one-day percentage drop since May 3. "The gold rally was overdone and there was a correction on Thursday. But perhaps, it came down a little too much from the highs of yesterday. So people started to pick up again," said Brian Lan, managing director at gold dealer GoldSilver Central ...

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First Published: Fri, May 19 2017. 14:05 IST
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