• Gold headed for its biggest weekly fall since August

    6 days ago - By ETF Daily News

    From CNBC : Gold headed for its biggest weekly fall since August on Friday as the dollar rose towards 16-month highs after the U.S. Federal Reserve stuck to its tighter monetary stance and looked set to deliver another rate hike in December.
    Spot gold was down 0.97 percent at $1,211.62 per ounce, having touched its lowest since Oct. 31 at $1,211.32 earlier. U.S. gold futures fell 1.04 percent to $1,212.4 per ounce.
    Spot prices are down 1.6 percent for the week so far, which would be its biggest decline since the week of Aug. 17.
    “It is pretty clearly a dollar-related move today, which has...
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