LONDON (Reuters)- Gold prices fell further on Friday to hit a fresh six-month trough below $1,600 at $1,598.04, as a breach of key chart support levels triggered technically driven selling.
Softer appetite for the precious metal from investors and dearth of physical demand from China during the Lunar New Year holiday have put the metal on track to slip 3.8 percent this week, the biggest weekly fall since May 2012.
Spot gold was down 1.9 percent at $1,603.4 an ounce at 1545 GMT, while U.S. gold futures for April delivery were down $32.60 an ounce at $1,603.
(Reporting by Clara Denina; editing by James Jukwey)
