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Gold $3,303.18 $(15.69) -0.47% Silver $32.68 $(0.13) -0.4% Platinum $972.10 $(6.9) -0.7% Palladium $948.05 $14.3 1.53%

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]

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