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Gold steadies as dollar rally cools, set for worst week in six (Reuters)

(Reuters) - Gold prices steadied on Friday as the dollar retreated and hopes for more U.S. stimulus measures resurfaced, although the precious metal was on track to post its steepest weekly contraction since August.

U.S. House Democrats crafting new $2.2 trillion COVID-19 relief package (Reuters)

WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week, a key lawmaker said on Thursday, as House Speaker Nancy Pelosi reiterated that she is ready to negotiate with the White House

Gold heads for 4th straight loss, on track for longest losing streak since April

Bullion was deepening its slide toward its lowest price since late July as investors appeared to prefer the turn to the U.S. dollar amid rising concerns about the global economic outlook and increased cases of COVID-19. “The second wave of coronavirus infections raised uncertainty over the economic recovery and upcoming U.S. elections uncertainty” has been driving demand for dollar index, putting dollar-denominated gold under pressure, analysts at ICICI Bank wrote in a Thursday research…

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