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Gold falls more than 1% on firm US dollar but on course for weekly gain

From reuters.com

Gold prices fell more than 1% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. put bullion on track for its first weekly gain in three. Spot gold was down 0.8% at $1,855.81 per ounce by 12:13 a.m. EST (1713 GMT), retreating from a two-week high hit on Thursday. The metal was up 1.6% so far this week. U.S. gold futures fell 0.6% to $1,854.60. "Regardless of the asset class everything from equities to agricultural to softs are selling off and a lot of emphasis is on whether the stimulus could be passed and whether the (COVID-19) ... (full story)

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  • Category: Fundamental Analysis