Economic news

Gold on course for largest weekly fall in 2018

Gold slipped on Friday, set for its largest weekly loss this year as the U.S. dollar recovered. April gold futures dropped 0.1%, to $1,330.80 an ounce, and March silver declined 0.6%, to $16.49 an ounce.

Gold futures are set for a weekly loss of 1.9%, while the ICE U.S. Dollar Index ticked up 0.1% for the day, heading for a weekly rise of about 0.8%.

Gold had surged moderately, rebounding from a sharp early-week fall after a Fed minutes release.


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