Gold climbs
Bengaluru
Gold inched up on Friday as the euro rose against the dollar, but was on track for its biggest weekly fall since November on receding political risks in France and expectations of a U.S. rate rise as early as June.
Gold edged up slightly from a near seven-week low of $1,225.20 hit on Thursday, but is poised to end the week down over 3 percent, the biggest percentage fall since the week ending Nov. 11. Spot gold rose 0.1 percent to $1,228.17 per ounce as of 0311 GMT.
"There is no doubt that gold is going through a soft patch right now, but it is approaching good support between $1,190 and $1,200, which at this point is not completely out of reach," said INTL FCStone analyst Edward Meir.
Spot gold may fall to $1,209 per ounce, as it has pierced below a support at $1,229, according to Reuters technical analyst Wang Tao. U.S. gold futures were steady at $1,228.40 an ounce.
-
Celine Dion Reveals Music She's Listening To Lately -
HR Exec Kristin Cabot To Speak At Crisis PR Conference After Coldplay Incident -
Why Travis Kelce Says Taylor Swift Has Made Him 'so Much Better'? -
Halle Berry Credits This Hairstyle With Launching Her Acting Career -
Hailee Steinfeld Spills Her 'no-phone' Rule With Husband Josh Allen -
Bowen Yang Gets Honest About Post SNL Life: 'It’s An Adjustment' -
Charlize Theron Delivers Strong Message At 2026 Winter Olympics Opening Ceremony -
Lil Jon Reacts To Son Nathan Smith's Death: 'Devastated' -
Bianca Censori Reveals Where She And Kanye West Stand On Having Children Together -
Taylor Swift Hypes Olympic Athletes In Surprise Video Message -
Timothy Busfield Charged With Four Counts Of Child Sexual Abuse -
Amy Schumer Explains Why Her Sudden Photo Surge Is ‘not A Cry For Help’ -
Kanye West First Contacted Bianca Censori While In Marriage To Kim Kardashian? -
Travis Kelce Reveals What His Nieces Really Do When He, Taylor Swift Visit -
Lola Young Makes Career Announcement After Stepping Back From Touring -
Priyanka Chopra Shares Heartfelt Message For Nick Jonas