Gold drops as risk aversion boosts dollar
Spot gold inches lower but the metal is on track for first weekly rise in four weeks
12 June 2020 - 08:13
Bengaluru — Gold dipped on Friday on a stronger dollar, while concerns over a second wave of coronavirus infections and a protracted economic recovery limited losses, keeping the metal on track for its first weekly rise in four weeks.
Spot gold was down 0.2% at $1,723.81/oz, at 3.35am GMT. Bullion has risen 2.3% so far this week. US gold futures fell 0.4% to $1,732...
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