Gold heads for small weekly rise on muted dollar

Gold prices were mostly unchanged on Friday, although they could record a small weekly gain as a result of a weaker dollar and persistent economic uncertainties. The Federal Reserve's policy meeting next week looks set to be the next market focus, with a potential 85.4% probability of a 25 basis points rate hike. Economic concerns, meanwhile, are underlined by US growth estimates, Japan's inflationary problems and the ongoing issue of the US's debt ceiling.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.