London - Saba: Gold prices fell on Friday from record highs, recording weekly gains, with expectations of another major cut in US interest rates this year growing as markets await an important report on inflation for additional indicators.
According to the news agency "Reuters" gold settled in spot transactions at $ 2673.21 an ounce (ounce) to remain below the highest level recorded in the last session at $ 2685.42. U.S. gold futures were at $2,695.80.
Spot silver fell slightly by 0.3 percent to $31.93 an ounce after hitting a nearly 12-year high of $32.71 yesterday. Silver prices rose thanks to the metal's strong performance and Chinese measures to stimulate the economy.
Among other precious metals, platinum lost 0.6 percent to $1,001.54 and palladium 1.1 percent to $1,035.75.
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