Gold

Gold prices rose from six-month lows on Friday as the dollar slipped, but the modest nature of the recovery suggested speculators might still be poised to punish the metal further.

Spot gold gained 0.2 percent at $1,268.76 per ounce, headed for a 0.8 percent weekly drop. In the prior session, bullion touched $1,260.84, its lowest since Dec. 19, 2017. U.S. gold futures for August delivery settled up 20 cents, 0.02 percent, at $1,270.70 per ounce.

A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies. In Asia, gold demand picked up in most centers this week, with bullion selling at a premium in India for the first time in seven weeks.

Silver

Silver was up 0.8 percent at $16.44 an ounce after falling to its lowest since May 2 at $16.16 in the previous session, headed for a 0.3 percent weekly drop.

On chart, silver is drawing near to the support since February, a level we believe that can be hardly breached below. Investors can keep following its rebounding tendency.

 
Dealing Room, ICBC Beijing Branch
                       Li Nan