LONDON: Gold prices fell on Friday as a White House official’s comments rekindled hopes of a US-China trade deal and boosted appetite for riskier assets, but bullion was still on course for a weekly gain.

Spot gold was down 0.5 per cent at $1,464.40 per ounce at 1240 GMT, though up about 0.4pc on the week.

US gold futures were down 0.6pc at $1,464.70 per ounce.

Among other precious metals, silver fell 0.9pc to $16.86 per ounce, on course for a gain of about 0.3pc this week.

Platinum inched 0.1pc higher to $881.53 per ounce and was set to register a fall of about 0.6pc this week. Palladium was down 0.3pc at $1,731.85 per ounce, on course to fall about 0.6pc this week.

Published in Dawn, November 16th, 2019