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Friday’s price declines follow a nearly 3% rise Thursday
Gold prices edged lower Friday, as some investors cut positions in the safe-haven metal amid a rebound in stocks and a stronger dollar.
Gold for December delivery was down 0.5% at $1,222 a troy ounce on the Comex division of the New York Mercantile Exchange. The day’s declines follow a nearly 3% rise Thursday, gold’s biggest gain in more than two years.