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Gold $3,133.56 $10.25 0.33% Silver $34.03 $(0.02) -0.06% Platinum $994.81 $(4.56) -0.46% Palladium $995.10 $3.6 0.36%

Gold retreats from near-record levels, but eyes weekly gain

Gold retreats from near-record levels, but eyes weekly gain

May 5 (Reuters) - Gold prices fell from near-record highs on Friday as investors waited for more economic cues, but banking woes and hopes for a pause in U.S. rate hikes kept safe-haven bullion on course for its best week in nearly two months.

Spot gold fell 0.7% to $2,036.74 per ounce by 1138 GMT, which some analysts termed a "consolidation", but was up 2.3% for the week. U.S. gold futures shed 0.5% to $2,045.90...[LINK]

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