Gold futures settled higher on Friday as the dollar pared early gains. However, the upside was just modest as global equities gained amid optimism about Chinese economic growth after a top official said the worst was over in the battle against Covid-19.
The dollar index, which climbed to 102.55 earlier in the session on concerns that an economic downturn could be unavoidable, dropped to 102.05 later on in the day, down slightly from the previous close.
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