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Gold drops on profit-taking; set for third weekly rise


(Reuters) - Gold slipped on Friday as investors locked in profits and equities recovered, but fears over a global economic slowdown and a lack of clarity on the U.S.-China trade war kept the metal on track for its third consecutive weekly gain.

Spot gold was down 0.6% at $1,513.80 per ounce as of 0729 GMT, but is up 1.2% so far this week after rising in the previous two weeks.

U.S. gold futures dipped 0.3% to $1,525.50 an ounce.

Limiting gold’s momentum, global financial markets regained footing on Friday, as ...


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