Gold rises but set for weekly decline
Gold is down 4.1% this week amid stronger dollar and hopes of more US stimulus measures
25 September 2020 - 07:35
Gold inched higher on Friday on renewed hopes of more US stimulus measures, though the bullion was on track for its biggest weekly decline in more than a month pressured by a stronger dollar.
Spot gold rose 0.1% to $1,869.47/oz by 3.41am GMT. But on a weekly basis, prices are down 4.1% so far. US gold futures were down 0.4% to $1,870.30/oz. The dollar index was on track for its best week since early April, up 1.5%, making gold more expensive for holders of other currencies...
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