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Gold $2,439.13 $23.31 0.96% Silver $32.34 $0.84 2.67% Platinum $1,092.76 $8.53 0.79% Palladium $1,019.78 $12.95 1.29%

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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