Gold fell as much as 2% on Friday after President Donald Trump’s new guidelines to re-open the U.S. economy and encouraging early data related to a potential COVID-19 treatment drove investors towards riskier assets.
Spot gold was down 1.7% at $1,689.22 an ounce by 11:53 a.m. EDT (1553 GMT), more than $60 lower than the 7-1/2 peak hit earlier this week on concerns over the worst recession in decades.


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