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gold price

gold price
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo

KONTAN.CO.ID - LONDON. Gold regained some ground on Friday after a drop of nearly 3% in the last session, but a firm dollar kept bullion on course for a weekly decline with the focus still on an upcoming U.S. Federal Reserve meeting.

Spot gold rose 0.7% to $1,765.73 per ounce by 0925 GMT, while U.S. gold futures gained 0.6% to $1,766.30.

Bullion slipped nearly 3% on Thursday after an unexpected increase in U.S. retail sales raised expectations that the Fed may reduce its stimulus sooner, which also drove a rally in the dollar.

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