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Gold Futures Down 5% for the Week

M. Ali 25 September, 2020 10:42 pm Commodities, Market Update

Gold prices closed Friday in decline, extending its weekly losses to its worst level since last March.

The yellow metal losses came amid the appreciation of the US Dollar (USD).

Gold futures for December delivery decreased by $10.60, or 0.6%, and settled at $1,866.30 per ounce.

For the week, the precious metal futures registered weekly losses of 4.9%, the highest seen since March 13.

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