LIVE NEWS UPDATE !!!!
The yellow metal hit a weekly high during the previous session, boosted by the U.S. Federal Reserve’s decision to keep interest rates low during its policy meeting on Wednesday.
Gold futures were down by 0.36% at $1,6733.55 by 12:16 AM ET (5:16 AM GMT). Stocks, which usually move inversely to gold, were also down on Friday.
“You had a lot of fresh infections, which seemed to spook investors a bit so that pretty much put everybody into a risk-off and basically they’re selling everything except for the dollar and natural gas,” Michael Matousek, head trader at U.S. Global Investors, told CNBC.