Gold Steady Near Five-Month; Poised For Best Week In A Year

Gold on Friday held near the 5-month highs hit in the previous session and was set for its biggest weekly percentage rise since April last year as a weaker dollar and geopolitical worries over the Middle East and North Korea stoked safe haven demand. Spot gold was steady at $1,287.40 per ounce by 0545 GMT in muted trade due to a public holiday in many countries. Bullion prices hit their highest since early November at $1,288.64 an ounce the session before. The metal was on track for its biggest weekly gain since late-April last year, up about 2.7 percent this week.

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