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Reuters reported that gold was down from a four and a half month high on Friday as investors sought cash gains due to a stronger dollar and lack of interest in high-risk assets.
Reuters reported that gold was down from a four and a half month high on Friday as investors sought cash gains due to a stronger dollar and lack of interest in high-risk assets.
As quoted in the market news:
Spot gold has risen more than 3 percent this week after minutes of the Federal Reserve’s August policy meeting showed the bank is likely to deliver another round of monetary stimulus “fairly soon” unless the U.S. economy improves considerably.
