Brent crude prices are likely to hold near $70 a barrel in the remainder of the year as elevated supply risks in the Middle East offset risks to demand from the U.S.-China trade spat, a Reuters survey showed on Friday.
* Platinum slumps to 3-month low
(Adds comments, updates prices)
Gold prices jumped 1 percent on Thursday as the U.S. dollar pulled back from a two-year peak scaled earlier in the session and as global equities slid on the escalating Sino-U.S. trade tensions.
* U.S. retail sales, industrial output fall in April
(Adds analyst comments, updates prices)
May 3 Gold was steady on Friday as the market
awaited U.S. non-farm payrolls data but was headed for its
biggest weekly decline since the end of March, as the dollar
gained after the U.S. central bank doused expectations of a
near-term rate cut.
LONDON A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found.
LONDON Palladium will cost an average $485 (£371) an ounce more than platinum this year - a record breaking premium - but the gap will narrow in 2020 as the rally fizzles out and platinum recovers after an eight year downturn, a Reuters poll showed.
Gold prices slumped to an over four-month low on Thursday after the U.S. Federal Open Market Committee (FOMC) axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.
* Markets eye Friday's U.S. jobs data, U.S.-China trade
* Markets eye U.S. non-farm payrolls data on Friday