Gold falls but set for third weekly gain on weaker dollar
Gold up 1.6% so far this week as growing inflationary pressure limits losses
21 May 2021 - 07:13
Gold fell on Friday, as optimism around a rebound in the US economy lifted appeal for riskier assets, but a weaker dollar and growing inflationary pressure limited losses and kept bullion on track for a third straight weekly gain.
Spot gold was down 0.3% at $1,871.50/oz at 2.53am GMT, but it has risen 1.6% this week. US gold futures fell 0.6% to $1,871/oz...
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