Gold edges higher but set for weekly drop
Spot gold rises while metal is set for its biggest weekly decline since the week ended November 27
05 February 2021 - 08:08
Bengaluru — Gold inched up on Friday, recovering from a more than two-month low hit in the previous session, but the precious metal was set for its biggest weekly drop since end-November pressured by a firmer dollar.
Spot gold rose 0.1% to $1,794.11/oz at 2.47am GMT. Prices fell more than 2% to their lowest level since December 1 on Thursday. For the week, gold was down 2.8%, on track for its biggest weekly decline since the week ended November 27. US gold futures gained 0.2% to $1,794.70/oz...
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