Bullion steadied at $1,268.41 an ounce, after falling to a two-month low on Thursday. Photo: ReutersGold prices are poised to drop for a fourth week, the longest streak of losses this year, after hawkish comments from US Federal Reserve officials, better-than-forecast American factory orders and a stronger dollar. Bullion steadied at $1,268.41 an ounce on Friday, after falling to a two-month low on Thursday. Fed funds futures now indicate a more than 70% chance of a rate hike by December. Platinum added 0.5% this week to $916.58 an ounce, snapping three weeks of declines.

Source: Mint October 06, 2017 07:43 UTC