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Reuters reports that on Friday, Gold hit its lowest in more than two weeks in Europe as the dollar strengthened.
Reuters reports that on Friday, Gold hit its lowest in more than two weeks in Europe as the dollar strengthened.
The news is quoted as saying:
The dollar was on track for its first weekly rise in six weeks versus a basket of major currencies. Traders are awaiting this weekend’s G20 meet in South Korea for direction, though significant action is not expected. The dollar’s strength has led to a 3.6 percent drop this week in gold, now heading for a decline roughly equivalent to its last big fall in mid-July.
