Gold futures drop more than 2% to end at 2018 low
Gold dropped Friday as overall strength in the U.S. dollar and the yellow metal's failure to hold above a key resistance level prompted prices to log their lowest settlement of the year. "Volatility was overdue in the gold market," said Adrian Ash, director of research at BullionVault. Gold prices had "failed to jump on 2018's slew of political risks," he said. August gold lost $29.80, or 2.3%, to settle at $1,278.50 an ounce, the lowest finish since December.
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