Commodity Capsule: Gold bound for best week in six; metal falls; oil set to fall for 2nd week | Watch video
Commodity Capsule: Spot prices retained a closely-watched $1,900/ounce level. It has gained 1.4 per cent for the week so far.
Commodity Capsule: Gold fell on Friday as traders largely favoured the dollar ahead of more signals on US monetary policy from the Jackson Hole Symposium.
Gold was set for its first positive week in five, as it recovered from five-month lows hit earlier in August.
Spot prices retained a closely-watched $1,900/ounce level. It has gained 1.4 per cent for the week so far.
Outlook for yellow metal remained muddled by the prospect of higher US interest rates.
The dollar stood at over a two-month high, while Treasury yields rose back towards multi-decade highs.
Markets were now focused squarely on an address by Federal Reserve Chair Jerome Powell at Jackson Hole, due later in the day.
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