Spot Gold Advances, Trimming Weekly Loss, as Dollar Declines
- Metal slipped this week amid optimism on a virus vaccine
- ETF holdings set for biggest outflow since March on vaccine
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Gold rose on renewed weakness in the dollar, which fell as appetite for U.S. equities recovered.
The Bloomberg Dollar Spot Index declined as much as 0.4%, paring a weekly advance. U.S. stocks climbed as better-than-estimated results from some big companies tempered concern over a surge in coronavirus cases.