Bengaluru — Gold prices edged up on Friday and were on track for their biggest weekly gain since mid-April as the dollar eased and Asian stocks weakened amid ongoing political turbulence in the US. The metal slipped 1.1% on Thursday on profit-taking, its biggest one-day percentage drop since May 3 and snapping a five-day rally. "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, MD at gold dealer GoldSilver Central in Singapore. "People are still wary of geopolitical risks and not selling the safe-haven asset yet." Spot gold had risen 0.3% to $1,249.76/oz by 3.29am GMT. It was up about 1.8% for the week, set for its biggest weekly rise in five. US gold futures were down 0.3% at $1,249.60/oz. The dollar traded above six-month lows against an index of six major currencies on Friday but was down 0.1% after gaining some reprieve overnight, helped...
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