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Gold settles lower on Friday

Gold settles lower on Friday

Mubasher: Gold went down at Friday’s settlement, recording its first weekly declined since mid-December.

Comex February gold retreated by $9.7, or 0.8%, to close at $1,282.6 per ounce, decreasing 0.5% for the week.

The progress made in the US-China trade talks and the strong USD dragged gold down.