Gold Prices Stabilize Near Weekly Lows
Gold prices held steady near their lowest levels in a week on Friday. Spot gold was trading at around $4,318.88 per ounce by 00:20 GMT, after earlier hitting its lowest point since September 2nd.
The price drop of about 2% on Thursday had already pushed gold to its lowest point in nearly two weeks.
U.S. gold futures for December delivery also declined 1.1% to $4,359.50.