Gold headed for a weekly retreat as investors weighed a strengthening dollar with concerns over a resurgence in coronavirus cases and geopolitical tensions.

Bullion's been holding in a narrow trading range this week as risk sentiment fluctuates. A gauge of the greenback steadied after advancing Thursday as U.S. initial jobless claims exceeded 1 million for a 13th week, while Asian stocks traded mixed.

Spot gold +0.1% to $1,725.38/oz at 10:11am in Singapore; -0.3% this week. Silver -0.6% this week, platinum heads for third weekly decline, palladium down for a second week.

Source : Bloomberg