World Economy

Gold Eases

Gold EasesGold Eases

Gold eased from a two-week high on Friday, giving back some of its sharp overnight gains, but was set to post its strongest week in five on the Federal Reserve’s caution over raising US interest rates and risk-off sentiment in the market, CNBC reported. Spot gold had eased 0.3% to $1,236.60 an ounce overnight. The metal had hit a two-week high of $1,243.50 in the previous session. For the week, the metal has gained 1.2%, its biggest gain since the week ended March 4.