U.S. gold futures for December delivery lost 1.2% to settle at $1,724 an ounce, posting second successive weekly loss and tumbling 2% for the week, a steepest plunge in last three months.
Gold prices slumped to a one-month low on Friday, falling more than 1 percent amid recent bout of disappointing quarterly earnings from quite a few Wall Street heavy weights which prompted equities sell-off across-the-board , denting the market sentiment, raising apprehensions over the global macroeconomic outlook thereby reducing metal's allure as inflation-hedge.
The girl in the pic is Amber from Cheshire, UK
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