Gold set at five for the first weekly gain as the dollar fell easily

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Gold price on Friday a

The previous session had a one-week high scale, and was set for

Their first weekly gain since mid-April in US dollars

The demand for safe haven has fallen from a two-decade high, reviving demand



* The spot gold flat was $ 1,841.37 per ounce, as

0104 GMT, after rising 1.9% in the previous session.

US gold futures fell 0.1% to 8 1,839.30.

* Gold prices have risen about 1.7% so far this week.

* USD slipped, spread across the board

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As the largest currency it is a pullback from a two-decade high

Damaged by Greenback’s advances attract buyers this year.

* A weaker dollar makes bullion cheaper for foreign buyers.

* US 10-year Treasury yields have also declined, increasing demand

Zero-yield gold, as the US economic data continues to soften

By fueling the growing anxiety in the aggressive financial narrow

Federal Reserve

* It may be less as there is no interest in the bullion

Short-term US interest rates when attractive to investors

Hiked though, it is seen as a secure store of value

During the economic crisis.

* US Fed will raise interest rates by the end

Just a month earlier this year, expected, to keep alive

A recession is already a significant risk, according to a Reuters poll

Economists have found.

* Reflection of demand growth, SPDR Gold Trust,

The world’s largest gold-backed exchange-traded fund said

Holdings rose 0.66% to 1,056.18 tonnes on Thursday

Recent trend of loss.

* Spot Silver has declined 0.2% to 21.87 per ounce, but

It has risen about 4% so far this week.

* Platinum is down 0.5% at $ 957.69, while Palladium

0.1% to $ 2,007.98 Both were set for weekly

Profits of about 2.1% and 3.6%, respectively.

(Report by Bharat Govinda Gautam in Bangalore; edited by

Sherry Jacob-Phillips)

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