Ammon News - Gold prices were subdued on Friday and headed for a weekly decline, while investors awaited further cues to gauge the size of a potential U.S. interest rate cut in September.

Spot gold was down 0.2% to $2,420.88 per ounce, as of 0653 GMT, after rising more than 1% on Thursday.

Bullion was on track for its biggest weekly decline since June 7. Prices fell as much as 3% on Monday after investors liquidated positions in tandem with a broader equities selloff.

U.S. gold futures dipped 0.1% to $2,460.10.

Spot silver was down 0.1% to $27.54 per ounce and platinum rose 0.6% to $936.40. Both metals were poised for weekly losses.

Palladium gained 0.8% to $929.75 and was up over 4% for the week.

Reuters