BENGALURU (Reuters) - Gold prices languished near five-week lows on Friday, set for a weekly decline of more than 1 percent on a stronger dollar, higher U.S. Treasury yields and easing geopolitical concerns.
* Spot gold
* The metal was on track to fall over 1 percent this week, its second consecutive weekly drop and biggest decline in four weeks.
* U.S. gold futures
* The dollar index <.DXY> was steady near a 3-1/2 month peak hit on Thursday, supported by strong U.S. economic data and the U.S. 10-year bond yield, which earlier this week hit its highest level since early 2014. [FRX/] [US/]
* Smiling and holding hands, North Korean leader Kim Jong Un and South Korean President Moon Jae-in met at the heavily fortified demilitarised zone between the countries on Friday in the first summit for the two Koreas in over a decade.
* Japan's central bank is set to keep monetary policy steady on Friday and project inflation to hit its target next fiscal year.
* European Central Bank chief Mario Draghi played down concerns over softness in the euro zone economy on Thursday as the ECB sought to bolster expectations for a gradual withdrawal of the ECB's monetary stimulus.
* Banks and brokerages expect a largely flat gold market over the rest of 2018 after a stubbornly uneventful few months, a Reuters poll showed on Thursday.
* The rally in palladium is tipped to lose steam in the years to come as appetite for the metal abates after its surge to record highs, another Reuters poll showed on Thursday.
* South African platinum producer Impala Platinum (Implats)
* Canadian miner Agnico Eagle Mines Ltd
* U.S. Gold miner Newmont Mining Corp
* China's net gold imports via main conduit Hong Kong jumped 78.67 percent in March from the previous month, data showed on Thursday.
(Reporting by Swati Verma in Bengaluru; Editing by Joseph Radford)
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Updated Date: Apr 27, 2018 07:06 AM