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Gold $3,296.52 $6.52 0.2% Silver $36.62 $(0.09) -0.26% Platinum $1,292.09 $0.09 0.01% Palladium $1,197.05 $3.33 0.28%

Gold bound for weekly gain on Fed rate pause bets

Gold bound for weekly gain on Fed rate pause bets

June 9( Reuters) - Gold eased on Friday on a stronger dollar, but held close to the previous session’s highs en route to a weekly gain helped by bets that the Federal Reserve could soon pause interest rate hikes.

Spot gold fell 0.3% to $1,962.34 per ounce by 5:52 a.m. ET (0952 GMT), but headed for a 0.8% weekly climb, having jumped about 1.5% after a surge in U.S. weekly jobless claims...[LINK]

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