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02-Mar2019

Gold futures marks sharpest weekly fall since August

Gold futures ended lower on Friday, marking lowest level in a month and half and has logged sharpest weekly fall since August. The strong dollar and increased risk taking by investors amid positive trend in stock markets dulled the bullion investments.

Gold futures for April delivery settled $16.90 lower at $1,299.20 on the Comex division of the New York Mercantile. While, spot gold slipped by 2%  to $1,295.99 an ounce per ounce.


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