Gold Prices Fall amid Geopolitical Tensions

Gold prices eased on Friday but were on track for a third straight weekly gain as elevated geopolitical tensions boosted safe-haven appeal. Spot gold slipped 0.4% at $2,725.73 per ounce. Prices hit a record high of $2,758.37 on Wednesday and gained 0.4% so far in the week. US gold futures fell 0.4% to $2,738.20. As for other precious metals, palladium dipped 2.1% to $1,133. Spot silver fell 0.7% to $33.46, after scaling its highest level since 2012 earlier this week. Platinum lost 1.3% at $1,013.30. Source: Qatar News Agency