Gold Heads for Weekly Drop on Strong Dollar

Gold prices fell on Friday and headed for a weekly decline as a stronger dollar and elevated US Treasury yields pressured the metal. The drop came despite data showing US job growth slowed more than expected in September.

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A saleswoman shows gold bangles to a customer at a jewellery showroom in Kolkata, India, May 3, 2022. REUTERS/Rupak De Chowdhuri/File Photo

Gold fell 0.9% to $4,140.06 per ounce Friday afternoon, tracking toward a 3.4% weekly drop.

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