* Gold down 1.4% for the week. * Platinum on track for biggest weekly fall since early Aug. * Palladium down more than 9% for the week. By Eileen Soreng. Gold bounced above $1,800 on Friday, buoyed by bets that central banks may keep interest rates relatively low to stave off lingering growth risks.
* Focus also on U.S. jobless claims data at 1230 GMT. * ECB policy decision due at 1145 GMT. By Arundhati Sarkar. Gold prices rose on Thursday after three straight sessions of losses as the dollar rally paused and investors' focus turned to a European Central Bank meeting expected to signal a tapering of its emergency economic support.
* Spot gold may test support at $1,773/oz - technicals. * WPIC switches 2021 platinum forecast from deficit to surplus. * Platinum hits lowest level since Aug. 20. By Eileen Soreng.
Aluminium prices hit a more than 13-year high on Thursday, as output curbs in top consumer China and fears of disruption from major bauxite producer Guinea lifted sentiment. Three-month aluminium on the London Metal Exchange advanced as much as 1.9% to $2,848 a tonne, its highest since August 2008.
Aluminium prices rose to their highest in more than 13 years on supply worries in top consumer China and fears of disruptions from major bauxite producer Guinea. Three-month aluminium on the London Metal Exchange advanced as much as 1.6% to $2,837.50 a tonne, the highest since August 2008.
Gold prices held near two-week lows on Thursday, pressured by a stronger U.S. dollar, while investors awaited a policy decision by the European Central Bank due later in the day. FUNDAMENTALS. * Spot gold was unchanged at $1,789.39 per ounce by 0054 GMT, after touching its lowest level since Aug. 26 at $1,781.30 in the previous session.
* Gold could recover to $1,807 in short term, analyst says. * Dollar hits one-week high. By Eileen Soreng. Gold prices held below the key psychological level of $1,800 on Wednesday, as a buoyant dollar made bullion more expensive for holders of other currency, while investors await clues from major central banks on their stimulus tapering measures.
Gold prices steadied on Wednesday, after slipping 1.6% in the previous session when it breached the key psychological level of $1,800, as gains in the dollar and a rise in U.S. Treasury yields hurt bullion's appeal. FUNDAMENTALS. * Spot gold rose 0.1% to $1,796.03 per ounce by 0116 GMT, hovering slightly above the more than one-week low of $1,791.90 hit on Tuesday.
* As the dollar gets stronger, metals to go lower - analyst. * Investors focus on ECB's meeting this week. * U.S. 10-year yields hit over 1-week peak. By Arundhati Sarkar. Gold retreated over 1% on Tuesday and is on course for its biggest intraday drop in nearly a month as a buoyant dollar and higher yield took the shine off the metal.
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