Gold price was down 2% in 2014

Gold price was down 2% in 2014

Gold price was down 2% in 2014

LONDON: Gold rebounded from a one-month low, as lower equities counteracted the impact of a stronger dollar and falling oil markets, but still looked set to post its third straight weekly loss.

Bullion ended 2014 down nearly 2 percent, following a 28 percent slump the previous year.

Spot gold fell to its lowest since Dec. 1 at $1,168.25 an ounce after the dollar strengthened, but rebounded to $1,191.00 by 1549 GMT on Friday, up 0.8 percent.

Liquidity was thin in post-holiday trading, with Chinese and Japanese markets closed. Prices were heading for a 0.5 percent weekly decline, the third straight week of losses.

US gold futures for delivery in February rose 0.6 percent to $1,191.20 an ounce.

Silver was up 1.2 percent at $15.91 an ounce after posting a 19.3 percent decline in 2014.

Platinum fell 0.4 percent at $1,202.30 an ounce, having fallen 12 percent last year.

With an 11 percent jump, palladium was the best-performing precious metal in 2014

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