Gold settles and is heading for a weekly gain

08/12/2016
According to Reuters, on Friday, the stability of the price of gold hovering near record lows in the previous session, with the continued rise of the dollar support from expectations that raises the Federal Reserve ( the US central bank) interest rates this year.
And settled Spot gold at $ 1338.07 the ounce, after it came down 0.6 percent to $ 1338.39 an ounce Thursday. But the yellow metal is heading for a weekly gain.
The decline in US gold futures contracts 0.4 percent to $ 1344.1 an ounce.
Among other precious metals, platinum rose 0.4 percent to $ 1142 an ounce, after a three percent down in the previous session. And palladium settled at $ 688.20 an ounce after it fell five percent Thursday.
Silver also settled at $ 19.93 an ounce.

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