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Oct. 23, 2020, 2:08 p.m. EDT

Gold futures post a second weekly loss in a row

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    Gold Dec 2020 (GCZ20)

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By Myra P. Saefong


Gold futures settled slightly higher on Friday, paring their weekly loss to less than 0.1%. "It is not exactly a coincidence that volatility in the U.S. dollar has been low [Friday] and so has volatility in gold," said David Madden, market analyst at CMC Markets UK. Traders saw little progress toward a coronavirus financial aid package in Washington Friday, ahead of the presidential election on Nov. 3. December gold /zigman2/quotes/210039572/delayed GCZ20 +0.60% rose by 60 cents, or 0.03%, to settle at $1,905.20 an ounce. For the week, most-active contract prices lost less than 0.1%.

US : U.S.: Nymex
$ 1,825.00
+10.90 +0.60%
Volume: 761.00
Dec. 2, 2020 12:46p

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