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Gold futures tally a loss of almost 3% for the week

gold-futures-tally-a-loss-of-almost-3%-for-the-week

Gold futures succumbed to a 5th straight session on Friday, their lengthiest such shedding touch considering that very early July, with costs clearing up at their least expensive in simply over 3 weeks. Stamina in the U.S. buck added to the decrease for dollar-denominated rates of the rare-earth element, with the ICE U.S. buck index DXY, +0.58% up 0.6% in Friday negotiations, up greater than 2% for the week. December gold GCZ22, -0.55% dropped $8.30, or 0.5%, to work out at $1,76290 an ounce. Costs based upon the most-active agreement shed 2.9% for the week, FactSet information revealed.

Source: Marketwatch

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