Singapore - Saba:
Gold prices held steady during trading on Friday but are on track to post a weekly loss as the U.S. dollar remains strong and recent robust economic data has reinforced expectations that the Federal Reserve will delay any imminent monetary easing.
Spot gold was trading at around $3,337.60 per ounce as of 05:03 GMT, while U.S. gold futures edged down 0.1% to $3,343.10.
This places gold down approximately 0.5% for the week.
As for other precious metals:
Platinum rose 0.1% in spot trading to $1,458.80 per ounce.
Palladium gained 1% to $1,293.32, marking its highest level since August 2023.
Silver remained unchanged at $38.13 per ounce.
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