Gold futures ended lower Thursday, with overall strength in the dollar helping the metal build on its losses for the week, while palladium eased back from the record settlement it scored in the previous session.
Gold for February delivery lost $2.60, or 0.2%, to settle at $1,247.40 an ounce, giving back nearly all of the $2.80 gain it saw a day earlier. Week to date, it has lost 0.4%. March silver settled at $14.855 an ounce, up just under half a cent for the session.
Gold prices steadied on Friday, after slipping to a week-low in the previous session, supported by the uncertainty around the Federal Reserve's next year's policy outlook, while the dollar strengthened on expectations of a rate hike next week.
Spot gold was steady at $1,242.11 per ounce, as of 0133 GMT. Prices fell to their lowest level since Dec. 7 at $1,239.83 on Thursday.
U.S. gold futures were down 0.1 percent at $1,246.4 per ounce.
The dollar firmed against major counterparts as...
Gold was steady as investors weighed a pickup in underlying U.S. inflation and the latest developments in U.S.-China trade talks.
The so-called core consumer price index, which excludes volatile food and energy costs, rose as expected in November, reinforcing expectations that the Federal Reserve will raise interest rates next week. While trade tensions have appeared to ease, Trump administration officials on Wednesday signaled that Beijing will have to do more to end the tariff...
The British pound and euro both edged higher on Thursday, as investors kept their focus on Brexit developments and the European Central Bank's final policy meeting of the year.
The pound was on the front foot, with GBP/USD gaining 0.3% to 1.2671 by 3:45AM ET (08:45 GMT).
It had bounced off a 20-month low of 1.2478 in the last session to end up 1.1% after Prime Minister Theresa May survived a no-confidence vote.
The euro was up 0.1% at 1.1385 ahead of the announcement.
Elsewhere, the U.S....
Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.
Sterling rallied from a 20-month low after the vote, and was holding onto gains early in the Asian trading day, trading at $1.2629.
Any respite for sterling was expected to be brief, however, as May appeared no closer to getting her EU divorce...