August 20, 2017

MTECHTIPS

MTECHTIPS:Gold down, but on track for best weekly gain since Nov

Gold inched down on Friday ahead of talks to prevent the United States from plunging off a “fiscal cliff” of tax increases and spending cuts, but the metal remained on track for its biggest weekly gain in a month.Gold had eased 50 cents to USD 1,662.79 an ounce by 0041 GMT in thin trade.US gold for February was little changed at USD 1,663.70 an ounce.President Barack Obama will host a meeting on Friday with the four top congressional leaders, a White House aide said on Thursday, as the president and lawmakers rush to break deadlock over the fiscal cliff days before a year-end deadline.

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