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Gold Rises Marginally but Records another Weekly Decline

M. Ali 24 October, 2020 12:28 am Commodities, Market Update

Gold prices rose on Friday as the US Dollar (USD) declined across the board, however, the yellow metal recorded its second consecutive weekly losses.

Gold futures for December delivery added 60 cents, or 0.03%, and settled at $1,905.20 per ounce.

The precious metal most active futures recorded a weekly decline of 0.1%.

Meanwhile, silver futures for December delivery closed lower by 3 cents, or 0.1%, at $24.675 per ounce, rising by 1.1% for the week.

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