Gold gave up its earlier modest gains on Friday morning in Asia even as the yellow metal rose to a one-week high during the previous session.
Gold futures were down by 0.05% at $1,744.65 as the boost in oil prices increased investors’ risk appetite.
Futures rose during the previous session as the U.S. House passed a $484 billion COVID-19 relief bill overnight, its fourth bill to support the U.S. economy as it weathers the COVID-19 pandemic storm.
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