Stock advisory Company, Gold steady on U.S. political uncertainty; but heads for fourth weekly loss

Gold prices held firm on Friday on political uncertainty in the United States but were set for their fourth straight weekly loss due to expectations of an interest rate hike by the U.S. Federal Reserve in June. FUNDAMENTALS Spot gold was unchanged at $1,224.63 per ounce at 0103 GMT. It hit an eight-week low of $1,213.81 an ounce on Tuesday. U.S. President Donald Trump on Thursday ran into resistance for calling ousted FBI chief James Comey a "showboat." The attack that was swiftly contradicted by top U.S. senators and acting FBI Director Andrew McCabe, who pledged that an investigation into possible Trump campaign ties to Russia would proceed.

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