Bengaluru — Gold prices held below a two-week high in thin pre-holiday trade on Friday amid a firmer dollar, but were on track to log a second consecutive week of gains. Spot gold was down 0.1% at $1,265.65 an ounce at 3.46am GMT, after hitting its highest since December 6 at $1,268.91 in the previous session. It was up 0.8% for the week. US gold futures slipped 0.1% to $1,269.10 an ounce. The dollar edged up on Friday though remained on track for weekly losses, while the euro skidded after Catalan vote results indicated a victory for separatists in a blow to Madrid. "The market’s a bit flat due to the holidays and there seems to be some kind of uncertainty around," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. More than 120 countries defied President Donald Trump on Thursday and voted in favour of a UN General Assembly resolution calling for the US to drop its recent recognition of Jerusalem as Israel’s capital. The US Congress on Thursday averted a gover...
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