Gold prices were poised for a second straight monthly gain on Friday as lingering economic concerns drove investors to the safe-haven asset, while markets turned their focus to the Federal Reserve’s meeting due next month.
Spot gold edged 0.2% lower to $1,983.89 U.S. per ounce but was up about 1% for the month. U.S. gold futures eased 0.2% to $1,995.30.
Taking some shine off gold on the day, rival dollar , edged up, but was set for a monthly decline. A softer dollar makes gold more attractive for other currency holders.
Bullion scaled more than a year’s peak at $2,048.71 in mid-April as the banking crisis unfolded.
Investors now await the U.S. core Personal Consumption Expenditures index data for March due Friday morning (8:30 a.m. EDT)
Elsewhere, spot silver fell 0.2% to $24.92 U.S. , platinum shed 0.5% to $1,071.71 U.S., while palladium added 0.3% to $1,499.35 U.S. -- all headed for monthly gain.
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