Gold price meets with a fresh supply on Friday and drifts back closer to the $1,980 level.
Bets for more rate hikes by Federal Reserve underpin the US Dollar and exert pressure.
Sliding US bond yields caps gains for the USD and lends support amid a softer risk tone.
Gold price comes under renewed selling pressure on the last day of the week and maintains its heavily offered tone through the first half of the European session. The XAU currently trades just above the $1.980 level, down over 1% for the day, and remains well within the striking distance of over a two-week low touched on Wednesday.
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