London — Gold eased on Friday, heading towards its biggest weekly decline in two-and-a-half months, as the dollar climbed further from last week’s three-year low due to higher treasury yields. Spot gold was down 0.2% at $1,329.20/oz at 10.45am GMT, its fifth session of losses in six. US gold futures were down 0.1% at $1,331.20/oz. Spot prices have shed 1.4% so far this week, their biggest weekly decline since early December, after failing to sustain a brief push back above $1,360/oz last Friday. "Once again gold failed to break resistance at $1,360/oz-1,370/oz," ActivTrades analyst Carlo Alberto de Casa said, adding that gold had staged a small rebound from the first support area of $1,320 on Thursday. "Gold remains lateral or slightly positive, [and] the main trend will change only below $1,300," he said, adding that further dollar strength could weigh on gold but it was unlikely to push it below this level. Volatility has jumped across financial markets in February as investors wo...
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