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Reuters reported that gold prices rose by 1% but the outlook for the metal remained gloomy.
Reuters reported that gold prices rose by 1% but the outlook for the metal remained gloomy.
As quoted in the market news:
Spot gold rose 1.2 percent to $1,661.70 an ounce by 1:55 p.m. EDT (1755 GMT). It is still heading for a loss of about 3 percent for the week, its second biggest weekly loss for the year and a third consecutive weekly drop.
