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Gold rises on Syria concerns, on track for second week of gains

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold rose on Friday and was set to post a small gain for a second week running, supported by tensions over Syria.Spot gold rose 0.4 percent to $1,339.71 an ounce as of 0324 GMT, and was set for a weekly gain of 0.5 percent. U.S. gold futures were up 0.1 percent at $1,342.70 an ounce.Spot gold is expected to rise to $1,348 per ounce, as it has found a support at $1,334, said Reuters' technical analyst Wang Tao.Prices are gaining on tensions over Syria, that has stoked geopolitical concerns, said Richard Xu, a fund manager at HuaAn Gold, China's biggest gold ...

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First Published: Fri, April 13 2018. 09:12 IST