Gold Price Stable

New York (June 25)  Gold held steady on Friday above a five-week low touched earlier this week, supported by technicals, but the metal was still on track for a third weekly fall.

Spot gold was nearly unchanged at $1,250.70 per ounce at 0053 GMT. It was set for a small weekly fall of about 0.3 percent, having eased about 1 percent in each of two preceding weeks.

U.S. gold futures for August delivery gained 0.2 percent to $1,251.9 per ounce.

The dollar was little changed against a basket of currencies on Thursday as low U.S. bond yields offset in-line data on domestic jobless claims and home prices, keeping it close to the one-month peak it reached earlier this week.

Theresa May offered fellow EU leaders a “fair” deal on Thursday for compatriots living in Britain after Brexit, though her peers sounded skeptical and demanded more detail from a prime minister weakened by an electoral misfire two weeks ago.

Source: TheNews