Gold set for third weekly gain

Spot gold was steady at $1,797.82 per ounce, as of 0100 GMT, but gained 0.3% so far this week. U.S. gold futures dropped 0.2% to $1,799.40 per ounce.

Benchmark 10-year U.S. Treasury yields were set for their biggest weekly decline since early September, reducing the opportunity cost of holding non-yielding bullion.

The U.S. dollar was also headed for a third weekly decline. A weaker greenback makes gold more attractive to buyers holding other currencies.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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