Gold heads for biggest weekly drop in 2.5 years
Silver is set for its steepest weekly fall since October 2016, with palladium also dropping and platinum set for a 5% drop for the week
08 November 2019 - 14:47
Bengaluru — Gold prices edged lower on Friday and were on track for their biggest weekly decline in two to two-and-a-half years as a stronger dollar weighed, while optimism around US-China trade talks dented bullion’s safe-haven appeal.
Spot gold was down 0.1% at $1,465.97 an ounce at 11.01am GMT, poised for its biggest weekly drop — about 3% — since May 2017. On Thursday, prices fell to their lowest since October 1 at $1,460.75. US gold futures were steady at $1,466.90...
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