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Gold closes out volatile week on higher note
1604 ET – Gold futures have finished higher for seven out of the past nine weeks — with the front-month contract settling the week up 5% to $4,951.20 a troy ounce. For the day, gold finishes up 1.9%.
The dollar index (DXY00) on Wednesday rose by +0.30% and posted a 2-3/4 month high. Higher T-note yields boosted the dollar’s interest rate differentials and supported the dollar. Also, the weakness ...
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