Bengaluru : Gold rose and was set to post a small gain for a second week running, supported by tensions over Syria.
Spot gold rose 0.4 percent to $1,339.71 an ounce as of 0324 GMT, and was set for a weekly gain of 0.5 percent.
U.S. gold futures were up 0.1 percent at $1,342.70 an ounce.
Spot gold is expected to rise to $1,348 per ounce, as it has found a support at $1,334, said Reuters´ technical analyst Wang Tao.
Prices are gaining on tensions over Syria, that has stoked geopolitical concerns, said Richard Xu, a fund manager at HuaAn Gold, China´s biggest gold exchange-traded fund.
President Donald Trump and his national security aides on Thursday discussed U.S. options on Syria, where he has threatened missile strikes in response to a suspected poison gas attack, as a Russian envoy voiced fears of wider conflict between Washington and Moscow.
Syngenta logo can be seen out side their office. — Syngenta website/FileKARACHI: Syngenta Pakistan has installed a...
DP World written on a container. — dpworld.com/FileKARACHI: DP World Karachi has welcomed the second cohort of its...
A person counting Pakistani currency note. — AFP/FileKARACHI: The State Bank of Pakistan injected Rs 2,120.95...
An undated image of gold bars. — AFP/FileKARACHI: Gold prices fell by Rs800 per tola on Saturday in the local market...
A view of the Balboa Port.—ReutersBeijing’s criticism of Hong Kong conglomerate CK Hutchison’s move to sell its...
This picture shows a general view of the Karachi sea port. — AFP/File LAHORE: Pakistan’s economic growth is...