Gold steadied after rising to its highest in nearly two months earlier on Friday, as investors cautiously adjusted their positions in thin year-end trading, but the metal was still on path for its best week in more than four months.
Spot gold was little changed at $1,510.51 per ounce. Gold rose to its highest since early November at $1,513.88 earlier in the session, but pared gains as traders took profits. It has gained over 2% so far this week, the most since the week of Aug. 9.
Gold has rallied this year on the back of the long-drawn U.S.-China trade war that triggered fears of a global economic slowdown and helped the safe-haven metal gain over 17% so far this year.
Elsewhere, silver fell 0.2% to $17.85 per ounce, while platinum rose 0.4% to $950.50. Both the metals were poised to register their best week since late August. Palladium advanced 0.4% to $1,908.58 per ounce.
Source : Reuters