2018-11-24
Gold fell Friday, as the dollar regained momentum and risk appetite improved, leading stock markets to a rally in Europe, eroding the appeal of the yellow metal.
 
Spot gold fell 0.4 percent to $ 1221.92 an ounce by 1130 GMT.
 
Gold fell 0.47 percent in December delivery contracts to $ 1222.10 an ounce.
 
Gold moved in a tight range of around $ 13 a week for reasons including the Thanksgiving holiday in the United States.
 
The reading of growth in euro-zone activity was much weaker than expected this month as exports fell sharply, affected by a global economic slowdown and a US-led trade war.
 
Market watchers are now looking forward to the G20 summit in Argentina at the end of the month as Chinese President Xi Jinping is expected to hold talks with his US counterpart Donald Trump.
 
Among other precious metals, silver fell 1.6 percent to $ 14.25 an ounce, while platinum fell 0.3 percent to $ 841.20 an ounce.
 
Palladium fell 0.95 percent to $ 1,142 an ounce. The metal is heading for the biggest weekly drop in percentage since the week ending July 20, down about 3 percent so far.