TODAY’S HONEST NEWS UPDATE.
Gold prices fell slightly in Asia on Friday as investors looked for support from physical markets in India with China entering a week-long holiday period next month and trade expected to ease.
Gold futures for December delivery on the Comex division of the New York Mercantile Exchange slid 0.06% to $1,287.88 a troy ounce.
India’s festival season gets in swing next month with demand for physical gold typically strong.
Overnight, gold prices were roughly unchanged on Thursday, as dollar weakness capped downside momentum but the precious metal remained under pressure amid investor expectations of a year-end interest rate hike.
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