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Gold pares losses

LONDON: Gold steadied on Friday, erasing earlier losses as the dollar came under pressure from a US payrolls report that flagged up weak wage growth last month, weakening the case for near-term interest rate hikes.

Spot gold was at $1,215.80 an ounce at 1425 GMT, little changed from late on Thursday but off an earlier low of $1,207.10. US gold futures for April delivery were 0.2pc lower at $1,217.10.

Silver fell 0.7pc to $17.41, having reached its highest in more than 11 weeks at $17.73 in the last session.

courtesy : dawn news



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