Gold drops to $2,399, down 1.50%, after hitting a high of $2,447.
Concerns over China's economic growth and Trump's election prospects boost the Greenback.
US Dollar Index rises to 104.34, up 0.18%; US Treasury yields climb, with 10-year note at 4.233%.
Gold price sinks by more than 1.50% on Friday and hovers around $2,400 as traders book profits ahead of the weekend. The golden metal could finish the week with losses close to 1% after hitting an all-time high of $2,483 and trading at around the $2,300 handle. The XAU/USD exchanges hands at $2,399 after reaching a high of $2,447.
Trader sentiment is gyrating due to several factors. China’s economy is growing less than expected, and an increasing rumble that former President Donald Trump might win the November 5 elections boosted the Greenback, which is set to end the week with gains of more than 0.26%, according to the US Dollar Index (DXY).
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