Gold Records Biggest Weekly Loss in Six Weeks

WORLD CAPITALS, Jul 17 (WAM/APP): Gold was on track for its? biggest weekly loss in six on Friday. Spot gold was up 0.3 percent at $3,980.64 per ounce by 0455 GMT.GMT, having touched its lowest since 1st July earlier in the session. US? gold futures for August delivery lost 0.2 percent at $3,984.10.The metal, however, has lost 3.4 percent so far this week, its largest decline since 1st June. Elsewhere, spot silver fell 0.6 percent to $55.20 per ounce, ?platinum lost 1.1 percent to $1,599.17, and palladium eased 0.4 percent to $1,244.16. All three metals were headed for a weekly loss.