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Gold advanced on Friday, reversing previous day’s decline, as another wave of risk aversion lifted the metal’s appeal as safe-haven.
Stocks fell sharply across the globe and oil hit fresh 12-year lows following a short-lived bounce the previous day.
Against this backdrop, the yellow metal gained 1.5% and to finish around $1,090 an ounce. For the week, however, the metal lost around 1% following volatile trading.
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