Commodities
Gold Slides From Record as US Stocks See Another Week of Selloff
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Gold retreated as US stocks headed for their fifth straight week of losses, cooling a rally fueled by demand for haven assets in the face of a US-led trade war.
Spot bullion fell 1% as the S&P 500 slipped on weaker-than-estimated outlooks from bellwethers across industries. Gold can see short-term setbacks from market selloffs, as investors reach for liquidity.