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Gold Declines but Scores Weekly Gains

M. Ali 5 December, 2020 1:37 am Commodities, Market Update

Gold prices declined on Friday, despite the decline of the US Dollar (USD), amid improved investors’ sentiment on Coronavirus vaccine progress.

Gold futures for February delivery decreased by $1.10, or 0.1%, and closed at $1,840 per ounce.

For the week, the yellow metal contracts gained 2.9%.

On the other hand, silver futures for March delivery gained 12 cents, or 0.5%, to finish at $24.253 per ounce, adding 7.1% on a weekly basis.

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