Gold edged up on Friday after posting its biggest percentage fall in over two weeks in the previous session, and was set to post a small gain for a second week running amid tensions over Syria and a US-China trade stand-off.
* Spot gold <XAU=> rose 0.2 percent to USD 1,337.17 an ounce as of 0046 GMT, and was set for a weekly gain of 0.3 percent. US gold futures fell 0.2 percent to USD 1,339.90 an ounce.
* Gold prices dropped 1.3 percent on Thursday, the biggest one-day percentage fall since March 28, a day after bullion climbed to its highest in 11-weeks.
* President Donald Trump and his national security aides on Thursday discussed US options on Syria, where he has threatened missile strikes in response to a suspected poison gas attack, as a Russian envoy voiced fears of wider conflict between Washington and Moscow.
* British Prime Minister Theresa May summoned her senior ministers to a special cabinet meeting on Thursday to discuss joining the United States and France in possible military action against Syria after a suspected poison gas attack on civilians.
* New applications for US unemployment benefits fell last week, pointing to sustained labour market strength despite a sharp slowdown in job growth in March.
* Holdings of SPDR Gold Trust , the world’s largest gold-backed exchange-traded fund, rose 0.69 percent to 865.89 tonnes on Thursday.
* Global silver physical demand dropped to its lowest level in five years during 2017, led largely by a steep decline in coin and bar demand, even as industrial demand increased, according to Thomson Reuters GFMS.
* South Africa’s gold output dropped 7.1 percent year on year in February, Statistics South Africa monthly mining production data showed on Thursday.
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