LONDON: Gold fell on Friday, on course for its biggest weekly decline in four weeks, as the dollar rebounded after a stronger-than-expected rise in US core consumer prices.

Spot gold, higher initially, fell 0.2 per cent to $1,203.60 an ounce by 1415 GMT. It was down 1.6pc for the week, however, heading for its biggest fall since the week ended April 24 and 2.4pc below a three-month high of $1,232.20 hit on May 14.

Silver fell 0.4pc at $17.05 an ounce, heading for a 2.6pc weekly fall. Platinum fell 0.9pc to $1,141.24 an ounce and palladium 0.9pc to $771 an ounce.

Published in Dawn, May 23rd, 2015

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