Gold falls as investors take profits but is on course for a good week
Gold is up 1.3% so far this week, while palladium is on track for its worst week since end-March, with platinum and silver set for weekly declines
02 August 2019 - 15:15
Bengaluru — Gold retreated on Friday, shedding as much as 1%, as investors booked profits following a 2% rise in the previous session after US President Donald Trump promised fresh tariffs on China.
Spot gold was down 0.6% at $1,436.45 an ounce by 10.59am GMT in a volatile session, which saw prices fall as much as 1% after scaling a two-week peak of $1,446.10 earlier. The metal is still on course for a weekly gain of about 1.3%...
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