Gold retreats but on track for weekly rise
Spot gold falls 0.6% as bullion is set for its best week since late July
06 November 2020 - 08:12
Bengaluru — Gold fell on Friday after surging in the previous session, as the dollar gained, but was set for its best week since late July on hopes for more central bank economic support as investors bet on a divided US Congress under a Biden presidency.
Spot gold fell 0.6% to $1,936.95/oz by 4.02am GMT. Prices soared 2.4% on Thursday on a dollar slide, setting it up for a 3.1% gain for the week. US gold futures fell 0.4% to $1,939.00/oz...
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