Gold futures mark first weekly loss in 3 weeks

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Gold futures on Friday tallied their their first weekly decline in three weeks. Fading hopes of a new fiscal stimulus package before the Nov. 3 U.S. presidential election supported a rebound in the dollar index, said analysts at ICICI Bank. That put pressure on gold prices, which are traded in the greenback. The ICE U.S. Dollar Index was trading 0.7% higher for the week. December gold fell by $2.50, or 0.1%, to settle at $1,906.40 an ounce, with prices for the most-active contract down roughly 1% for the week.
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