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Gold heads for third weekly fall on fading bets for Fed cut

Gold heads for third weekly fall on fading bets for Fed cut

Aug 18 (Reuters) - Gold gained on Friday as the dollar and bond yields eased but remained on course for a third straight weekly dip as strong U.S. economic data reinforced bets that the Federal Reserve will keep interest rates elevated.

Spot gold rose 0.3% to $1,894.41 per ounce by 1042 GMT, after touching its lowest in five months on Thursday. U.S. gold futures rose 0.3% to $1,920.80...[LINK]

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