• Gold prices edged higher early Friday and were on track for their biggest weekly gain since mid-April as the dollar softened and stocks eased amid the ongoing political crisis in the United States that weakened risk appetite
• Spot gold rose 0.3 per cent to $1,250.20 per ounce by 0102 GMT. It slipped 1.1 per cent on Thursday in its biggest one-day percentage drop since May 3 to snap a five-day rally. The yellow metal was up about 1.8 per cent for the week thus far.
• US gold futures were down 0.2 per cent at $1,250.40 an ounce.
• The dollar traded above six-month lows against an index of six major currencies on Friday but was down 0.1 per cent after gaining some reprieve overnight, helped by solid US economic data.
• President Donald Trump, striking a defiant tone on Thursday after days of political tumult, denied colluding with Russia during his 2016 campaign or asking former FBI Director James Comey to drop a probe into his former national security adviser.
Michael Flynn and other advisers to Trump's campaign were in contact with Russian officials and others with Kremlin ties in at least 18 calls and emails during the last seven months of the 2016 presidential race, current and former US officials familiar with the exchanges told Reuters.
Reference: Reuters
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