Commodities Update — Gold up; Wheat down by 6 percent; Copper rises

RIYADH:  Gold hit its first weekly gain in six on Friday as a pullback in US Treasury yields and the dollar’s decline bolstered non-yielding bullion’s safe-haven appeal as economic risks persisted.

Spot gold rose and is currently priced at $1727.64. It was up about 1 percent so far this week, following a strong rebound from a more than one-year low of $1,680.25 on Thursday.

US gold futures settled at $1,745.30.

Wheat falls 6 percent on Ukraine grain export deal