Bengaluru — Gold rose on Friday and was set to post a small gain for a second consecutive week, supported by tensions over Syria. Spot gold rose 0.4% to $1,339.71/oz as of 3.24am GMT, and was set for a weekly gain of 0.5%. US gold futures were up 0.1% at $1,342.70/oz. Spot gold is expected to rise to $1,348/oz, as it has found a support at $1,334, said Reuters’ technical analyst Wang Tao. Prices were gaining on tension over Syria, which had stoked geopolitical concern, said Richard Xu, a fund manager at HuaAn Gold, China’s biggest gold exchange-traded fund. President Donald Trump and his national security aides on Thursday discussed US options on Syria, where he has threatened missile strikes in response to a suspected poison gas attack, as a Russian envoy voiced the fear of wider conflict between Washington and Moscow. Trump, however, cast doubt over the timing of his threatened strike on Syria on Thursday, by tweeting that an attack on Syria "could be very soon or not so soon at a...
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