Gold prices slipped on Friday and were headed for their sharpest weekly drop in 2-1/2 months as the dollar strengthened during the week. Spot gold was down 0.4 percent at $1,326.65 an ounce as of 0741 GMT, heading for a fifth session of fall in six. It has shed 1.6 percent so far this week, its biggest since the week ended December 8, 2017.
US gold futures were down 0.3 percent at $1,328.40 per ounce. Spot gold is expected to rise to $1,354 per ounce as it has stabilised around a support at $1,326, according to Reuters technical analyst Wang Tao.
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