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Gold settles lower on Friday

Gold settles lower on Friday

Mubasher: Gold went down at Friday’s settlement, gaining 3.5% for the week.

Comex December gold lost $1, or 0.1%, to settle at $1,508.5 per ounce.

By 07:43 pm GMT, the US dollar index (DXY), which measures the US currency against a basket of six major currencies, declined by 0.11% to 97.51.