LONDON: Gold prices dipped on Friday as some investors locked in profits at the end of the week, but there are expectations that they could move higher next week.
Spot gold was down 0.2 per cent at $1,288.20 per ounce by 1300GMT, with the price down about 0.4pc for the week.
US gold futures for December delivery dipped 0.4pc to $1,287.70. “I think gold will move back towards $1,300 next week or the week after, maybe on the back of dollar weakness,” Georgette Boele, commodity strategist at ABN AMRO in Amsterdam, said.
Among other precious metals, silver shed 0.2pc to $17.02 an ounce and platinum gained 0.3pc to $935.70 an ounce.
Palladium dipped 0.6pc to $1,006.55 an ounce after hitting a two-week high of $1,013.70 in the previous session.
Published in Dawn, November 25th, 2017
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