Gold slumps as investors remain hopeful for a vaccine

Gold slumps as investors remain hopeful for a vaccine

Picture used for illustrative purpose. File

Gulf Today Report

Gold fell on Friday a third straight weekly drop due to investors overlooking doubts for COVID-19 vaccine.

Spot gold fell 0.1% to $1,809.40 per ounce by 05:46 GMT, down 3.2% on the week. US gold futures rose 0.1% to $1,807.00. 

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