Gold on Friday held near a more than
one-month peak scaled in the previous session, with bullion set
for a weekly gain of over 1%, as a weakness in the dollar and
Treasury yields offered support along with a surprise jump in
U.S. jobless claims.
* Spot gold was steady at $1,755.91 per ounce by 0151
GMT, having hit a high since March 1 at $1,758.45 an ounce on
* The metal has gained nearly 1.5% for the week so far,
after posting losses in the previous two weeks.
* However, U.S. gold futures fell 0.1% on Friday to
$1,756.20 per ounce.
* The U.S. dollar fell to a two-week low against a basket of
currencies after the number of Americans filing new unemployment
claims increased for the second straight week, last week.
* U.S. Treasury yields fell on Thursday, pressured by fresh
dovish comments from Federal Reserve Chair Jerome Powell.
* Powell noted that an expected rise in prices this year is
likely to be temporary, and warned that an uptick in COVID-19
cases could slow the recovery.
* The U.S. central bank intends to maintain its ultra-easy
stance even though data suggest the economy revving up.
* The European Central Bank policymakers discussed a smaller
rise in bond purchases, according to meeting accounts.
* U.S. Treasury Secretary Janet Yellen on Thursday
encouraged major economies to add substantial new fiscal
stimulus to ensure a robust recovery.
* Silver stood unchanged at $25.45 and was set for
biggest weekly gain in four.
* Palladium was down 0.2% to $2,618.51. Platinum
fell 0.3% to $1,225.95 but was set for its second
straight weekly gain.
0130 China PPI, CPI YY March
0600 Germany Industrial Output MM Feb
0730 UK Halifax House Prices MM March
(Reporting by Diptendu Lahiri in Bengaluru; editing by