Gold prices remained stable on Friday, but are heading for a weekly loss after US President Donald Trump postponed his decision on a possible intervention in the Israel-Iran conflict.

At 10:17 EDT (14:17 GMT), spot gold was trading at $3,372.81 per ounce, a level almost unchanged and the lowest since June 12. The index fell for the second week in a row, posting a drop of 1.8%

US gold futures fell 0.6% to $3,388.90.

According to the White House, Donald Trump will make his decision in the next two weeks about whether the United States will be involved in the air war between Israel and Iran, increasing pressure on Tehran to agree to negotiations.

Iran launched a new round of missiles against Israel early Friday, striking near residential apartments, offices and industrial sites in the southern city of Beersheba.

Gold has traditionally been considered a safe haven in times of political and economic uncertainty.

Spot silver fell 1.1% to $35.98 per ounce, down 0.8% over the week. Palladium lost 0.7% to $1,043.28, but increased by 1.7% over the week. Platinum fell 2.5% to $1,268.58, however, registering a third