Gold price closing in on worst week since March | WHAT REALLY HAPPENED

Gold price closing in on worst week since March

Gold declined further on Friday and is now set for its biggest weekly loss since the coronavirus panicked global markets in March.

Meanwhile, the US dollar rallied again as risk aversion among investors continues to rise following a warning from the US Federal Reserve that economic recovery will stall without further stimulus.

Spot gold fell 0.3% to $1,862.91 per ounce by 11 a.m. EDT, after touching its lowest since July a day earlier. US gold futures were down 0.6% to $1,865.70 per ounce in New York.

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