Gold was set to post its biggest weekly decline in six weeks
on Friday. For More Information Visit
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www.capitalheight.com/bullion-premium.php
Spot gold was little changed at $1,278.70 an ounce by 0318
GMT.
Gold is sensitive to interest rates as rising rates lift the
opportunity cost of holding non-yielding bullion.
Among other precious metals, silver was poised for a near 3
percent weekly loss, after four weeks of gains. Platinum was down 1 percent, snapping a five-week
winning streak, while palladium was set to post a 4 percent loss for the week.
PRICES AT 0318 GMT
Metal Last Change Pct chg
Spot gold 1278.7 1.04 0.08
Spot silver 17.29 -0.036 -0.21
Spot platinum 1062.3 4.56 0.43
Spot palladium 600.5 3.45 0.58
Comex gold 1280.9 8.6 0.68
Comex silver 17.38 0.053 0.31