Gold Is Down 3.5% This Week, Its Steepest Drop Since June
Photo: TokenPost
Gold was down 3.5% for the week at 8:10 a.m. ET Friday, its steepest weekly loss since June, as higher oil prices revived U.S. rate concerns. Spot gold was at $4,023.95 at 8:10 a.m. ET (12:10 UTC), marking its second consecutive weekly decline. TokenPost previously covered a spot-gold snapshot below $4,000 . At the same observation, silver was down 1.3% at $53.84 an ounce, platinum fell 0.8% to $1,558.18 and palladium slipped 0.6% to $1,047.69. Brent crude futures settled Thursday at $113.17 a barrel, up 4%.
Source: TokenPost
