Gold on track for biggest weekly loss

(AGENCIES)

Gold was on track for its ‌biggest weekly loss in six weeks on Friday.

Spot gold was up 0.3 percent at $3,980.64 per ounce by 0455 ​GMT, having touched its lowest since July 1 earlier in the session.

US ​gold futures for August delivery lost 0.2 percent at $3,984.10.

The metal, however, has lost 3.4 percent so far this week, its largest decline since 1st June.

Elsewhere, spot silver fell 0.6 percent to $55.20 per ounce, ​platinum lost 1.1 percent to $1,599.17, and palladium eased 0.4 percent to $1,244.16.

All three metals were headed for a weekly loss.