Gold hits more than 2-year low on dollar strength, Fed concerns

Spot gold XAU= was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its second straight weekly decline, down 1.8%. U.S. gold futures GCv1 fell 0.5% to $1,672.10.

from Commodities-Markets-Economic Times
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