Gold, silver set for weekly losses on tech selloff and stronger dollar

Gold and silver recouped early losses on Friday, but were headed for a second straight week of declines as a global rout in tech equities and a stronger US dollar wiped out gains made by the metals during a brief rebound earlier this week. Spot gold rose 0.4% to $4,790.80 per ounce by 0224 GMT, but was down 1.4% for the week. U.S. gold futures for April delivery fell 1.7% to $4,806.50 per ounce. Spot silver was broadly steady at $71.32 an ounce after a 19.1% drop in the last session. Earlier in the day, it fell as much as 10% to trade below the $65-level, touching a more than 1-1/2-month low. The white metal was also set for its second straight weekly loss, down almost 16% after shedding 18% last week in its biggest weekly fall since 2011.