Gold edges higher after hitting more than three-month low

Gold prices edged higher on Friday after hitting their lowest level in more than three months, but remained on course for a second consecutive weekly loss.

Spot gold rose 0.2 per cent to $4,030.67 per ounce, having touched $3,986.50 earlier in the session. US gold futures for December delivery, meanwhile, fell 0.3 per cent to $4,046.40 per ounce.

Among other precious metals, silver declined 1.3 per cent to $53.81 per ounce, platinum slipped 0.9 per cent to $1,557.03, and palladium shed 0.4 per cent to $1,050.50.

WAM