• +1 (312) 549-9986

Gold $2,004.84 $1.87 0.09% Silver $23.03 $0.01 0.04% Platinum $924.26 $4.93 0.54% Palladium $966.41 $21.38 2.26%

Gold retreats from near-record levels, but eyes weekly gain

Gold retreats from near-record levels, but eyes weekly gain

May 5 (Reuters) - Gold prices fell from near-record highs on Friday as investors waited for more economic cues, but banking woes and hopes for a pause in U.S. rate hikes kept safe-haven bullion on course for its best week in nearly two months.

Spot gold fell 0.7% to $2,036.74 per ounce by 1138 GMT, which some analysts termed a "consolidation", but was up 2.3% for the week. U.S. gold futures shed 0.5% to $2,045.90...[LINK]

Leave your comment