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Gold steady below 1-month high, heads for second weekly gain

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold traded steady in early Asian trade on Friday, after hitting a one-month high in the previous session on the European Central Bank's decision to keep interest rates steady through the summer of 2019 and looming trade worries.FUNDAMENTALS ** Spot gold was unchanged at $1,301.31 per ounce at 0047 GMT. It touched its highest since May 15 at $1,309.30 an ounce on Thursday. The metal was on track for a second straight weekly gain.** U.S. gold futures for August delivery were 0.2 percent lower at $1,305.10 per ounce.** The European Central Bank will shut its hallmark ...

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First Published: Fri, June 15 2018. 06:49 IST