Bengaluru — A weaker dollar helped gold prices steady on Friday, after bullion fell more than 1% in the previous session, and the metal was heading for its first weekly gain in three weeks on dovish central banks and tumultuous stock markets. Spot gold rose 0.1% to $1,293.87 an ounce as of 11.19am GMT, after touching a one-week low on Thursday. Prices have gained 0.2% so far this week. US gold futures increased by 0.3% to $1,297 an ounce. The dollar fell 0.4% against key rivals, paring gains made in the previous session, and was en route to its first weekly decline in four weeks. “Even after the US’s long, drawn-out trade spat with China and threats of a new trade war with the EU, there is still not much safe-haven buying in gold,” said Jigar Trivedi, a commodities analyst at Mumbai-based Anand Rathi Shares and Stock Brokers. “Gold has near-term support at $1,285 and huge resistance at $1,350.” Gold saw some support from Chinese central bank buying and dovish views from major cent...
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