Gold inches up in thin trade, eyes 2nd straight weekly drop


Spot gold gained 0.3% to US$1,177.31 an ounce by 0020 GMT, not too far from a three-week low of US$1,170.17 hit earlier in the week - Reuters Photo.

SINGAPORE: Gold ticked up in thin post-Christmas trading on Friday, but the metal was headed for a second straight weekly drop as strength in the dollar and equities hurt safe-haven bids for bullion.

Spot gold gained 0.3% to US$1,177.31 an ounce by 0020 GMT, not too from a three-week low of US$1,170.17 hit earlier in the week.

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