Gold fell on Friday last recording its first weekly drop in six weeks due to strong US economic growth, concerns over the US Federal Reserve's withdrawal of monetary stimulus and a slump in Chinese demand. Precious metals failed to find support from the emerging-market turmoil and as a result went looking for support. Besides, U.S. consumer sentiment sparked demand for the dollar, though bottom fishers snapped up nicely priced position in the yellow metal and cushioned losses.
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