Gold cuts its weekly gain on US rates

Source: Bloomberg
© Scanpix/FP
The yellow metal cut its third weekly advance, while investors are evaluating the US interest rate outlook after the announcement of the ECB stimulus measures. Gold for immediate settlement fell 0.6% to $1,294.66 an ounce in Singapore, after reaching $1,307.62 yesterday, the strongest since August 15, and it has climbed 1.1% so far this week.
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