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Gold $3,331.00 $(7.78) -0.23% Silver $38.00 $(0.13) -0.34% Platinum $1,341.05 $(13.33) -0.98% Palladium $1,113.40 $2.35 0.21%

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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