Gold Down but Set to Record Weekly Rise Over Weaker Dollar, Inflation Concerns By Investing.com – Investing.com
- Date: 21-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Gold Down but Set to Record Weekly Rise Over Weaker Dollar, Inflation Concerns By Investing.com – Investing.com
By Gina Lee
Investing.com – Gold was down on Friday morning in Asia as an improving economic outlook broadened investors’ risk appetite. However, a weaker dollar and growing inflationary pressure capped losses and set the yellow metal on track for a third consecutive weekly rise.
were down 0.38% to $1,874.75 by 12:03 PM ET (4:03 AM GMT); The , which usually moves inversely to gold, inched down on Friday and was headed towards a weekly loss.
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