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Gold set for weekly decline as stimulus hopes ebb

From uk.reuters.com

Gold prices steadied in a tight range above the $1,900 an ounce level on Friday, tracking a subdued dollar, but fading chances of an U.S. stimulus agreement before the presidential election kept bullion on track for its first weekly decline in three. Spot gold was steady at $1,907.46 per ounce by 10:11 a.m. EDT (1411 GMT). Bullion is down more than 1% so far this week. U.S. gold futures gained 0.2% to $1,911.70. "With a stimulus bill this year highly uncertain, gold remains beholden to the USD," said Tai Wong, head of base and precious metals derivatives trading at BMO. "While sentiment for gold remains ... (full story)

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