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Gold on track for first weekly gain in three

Reuters  |  BENGALURU 

By Nithin ThomasPrasadBENGALURU (Reuters) - Gold prices held steady on Friday amid little change in the dollar ahead of key U.S. economic data, but the metal remained on course for its first weekly gain in three."Most of the downside in gold this morning was largely due to profit-taking, but more importantly, market sentiment is still on the rosy side and in a more positive environment," said OCBC analyst Barnabas Gan.Spot gold rose 0.1 percent to $1,218.18 per ounce at 0646 GMT. It was up 0.4 percent for the week so far, which would be its biggest weekly gain since early June. U.S. gold ...

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First Published: Fri, July 14 2017. 12:23 IST