Gold struggles to rise above $1,700 an ounce
Gold struggled to rise above $1,700 an ounce on Friday and prices headed for their third consecutive weekly drop, as investors cautiously watched US talks to avoid a looming fiscal calamity that have so far made little progress.
Gold prices rose above $1,000 per ounce on Tuesday to its highest since March 2008 -- suggesting investors are wary of the US dollar's weakness and expect international interest rates to remain low for some time.