London — Gold prices eased on Friday and were on track to end the week lower as the dollar advanced on expectations of higher US interest rates and the view that global political and security risks were easing. Spot gold was down 0.6% at $1,333.66 an ounce by 1408 GMT, while US gold futures fell 0.7% to $1,339.20 per ounce. Spot gold is heading for its first weekly decline this month. Market jitters over Western missile strikes in Syria that provided some support to gold this week eased, while the geopolitical outlook on the Korean Peninsula brightened as US President Donald Trump said on Wednesday he hoped a summit with North Korean leader Kim Jong Un would be successful. "Of course, the geopolitical risks are still high compared to the beginning of the year but it seems like they are slightly lower than a few days ago so prices have come off the boiler a bit," Capital Economics commodities economist Simona Gambarini said. Gold is often used as safe haven in times of uncertainty. A...
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