Gold holds overnight gains

BengaluruGold held on to its overnight gains in Asian trade on Friday and was headed for its fifth straight weekly gain, as a recovery in equity markets post the Brexit vote was offset by a weaker dollar.

Spot gold was nearly flat at $1,321.56 an ounce by 0101 GMT.

It rose 0.2 percent on Thursday, while registering its biggest monthly rise since February.

The yellow metal rose over 7 percent during the April-June quarter.

U.S. gold was up 0.3 percent at $1,324.40.

Silver marked its highest since Sept.

2014 at $18.81 per ounce on Thursday, while registering its best quarter in nearly four years.

Bank of England Governor Mark Carney said the central bank would probably need to pump more stimulus into Britain´s economy over the summer after the shock of last week´s decision by voters to leave the European Union.