Gold headed for weekly gains on revived hopes of Fed rate cuts
Gold prices firmed on Friday and were headed for a third straight week of gains after U.S. data this week hinted that the Federal Reserve might continue easing interest rates this year.
FUNDAMENTALS
* Spot gold was flat at $2,715.21 per ounce as of 0047 GMT, hovering near a more than one-month peak hit on Thursday. Bullion has gained about 1% so far this week.
* U.S. gold futures dropped 0.1% to $2,747.50.
* Fed Governor Christopher Waller said three or four rate cuts are still possible this year if U.S. economic data further weakens.
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