Gold may show maximum weekly decline in 6 weeks

Gold may show maximum weekly decline in 6 weeks

Gold may show maximum weekly decline in 6 weeks

(Reuters) – Gold prices fell on Friday after hitting a nearly two-month low in the previous session and may record their highest weekly decline in six weeks.

The spot gold price dropped 0.2% to $ 1,864.21 per troy ounce by 13:25 Moscow time.

Gold has lost 4.1% since the start of the week, the highest since mid-August.

Democrats in the US House of Representatives are working on $ 2.2 trillion stimulus measures that could be voted on next week, a senior US lawmaker said Thursday.

Palladium dropped 1.39% to $ 2.195.61 an ounce, while silver slipped 1.07% to $ 22.96 an ounce. The platinum price dropped 0.2% to $ 847.2.

(Nakul Iyer; Translated by Caleb Davis. Editor Marina Bobrova)

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