Gold edges higher but heads for weekly loss
Gold down nearly 5% so far this week on US Federal Reserve’s interest rates outlook
18 June 2021 - 08:21
Bengaluru — Gold rose on Friday, but was headed for its worst week since March 2020 after the US Federal Reserve’s hawkish message on monetary policy lifted the dollar higher and dented the safe-haven metal’s appeal.
Spot gold was up 0.6% at $1,784.16/oz at 2.58am GMT. However, prices have fallen nearly 5% so far this week. US gold futures gained 0.5% to $1,783.20/oz...
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