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Gold Narrows Weekly Gains after Trump Contracts COVID-19

M. Ali 2 October, 2020 11:45 pm Commodities, Market Update

Gold prices declined on Friday as markets are still digesting news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19.

The news did not result in a shock or panic buying of the precious metal, which ends the week in gains.

Gold futures for December delivery finished lower by $8.70, or 0.5%, and closed at the level of $1,907.60 per ounce, gaining 2.2% for the week in which it restored the $1,900 level.

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