Gold slips from one-week peak hit by stronger dollar; down 0.8%

Topics Gold Prices

By Brijesh Patel (Reuters) - Gold prices fell on Friday as the U.S. dollar rebounded, but the yellow metal was on track for a weekly gain underpinned by worries over a global economic recovery from the coronavirus-led slump. Spot gold was down 0.8% at $1,938.53 per ounce by 0308 GMT, after hitting its best level since Sept. 2 at $1,965.94 on Thursday.

Gold has gained 0.4% this week. U.S. gold futures fell 0.8% to $1,948. "A rebound in the U.S. dollar index sent gold prices lower following the European Central Bank's.....

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