Media In / Agencies 01-02-2019
Gold prices fell on Friday amid investors’ appetite for risk amid optimism that the US and China would reach a trade deal, although a halt to US interest rate hikes kept the metal on track for a second straight week.
Gold fell 0.3 percent in spot trade to $ 1316.95 an ounce.
Prices were the highest since April 26 at $ 1326.30 an ounce, heading for a 1.1 percent gain this week.
Reuters reported gold fell 0.2 percent in US futures futures to $ 1317.10 an ounce.
Among other metals, palladium stabilized at $ 1342.98 an ounce, while platinum fell 0.5 percent to $ 815.50 an ounce.
Silver fell 1 percent to $ 15.91 an ounce, after rising to a new high of $ 16.19 an ounce in July.