• +1 (312) 549-9986

Gold $2,055.61 $11.6 0.57% Silver $22.73 $0.06 0.26% Platinum $874.76 $(4.57) -0.52% Palladium $946.48 $6.74 0.72%

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]

Leave your comment