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Gold settles $18 lower on Friday  

Gold settles $18 lower on Friday  

Mubasher: Gold prices dropped at Friday’s settlement, losing 0.5% for the week.

Comex February gold plunged $18, or 1.2%, to settle at $1,465.1 per ounce.

By 07:26 pm GMT, the US dollar index (DXY), which measures the US currency against a basket of six major currencies, went up by 0.32% to 97.72.