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Gold near two-month lows

The dollar pulled back from a two-month high, but bullion was poised for a third straight weekly fall as traders assessed the progress of U.S. debt ceiling negotiations and the Federal Reserve’s next policy move.

Spot gold was up 0.3% to $1,945.39 per ounce,after hitting its lowest since March 22 at $1,936.59. U.S. gold futures edged up 0.1% to $1,945.90.

Gold rate was trading flat on Friday.On Multi Commodity Exchange, gold June futures were trading at Rs 59,530 per 10 grams, up  Rs 70 or 0.12%.

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