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Gold eases on profit-taking but set for best week in 11 years


(Reuters) - Gold edged lower on Friday as investors booked profits, but was set for its best week since December 2008 as record high U.S. jobless claims due to the coronavirus fuelled hopes for more stimulus to stem the economic damage caused by the epidemic.

Autocatalysts platinum and palladium, meanwhile, were poised for their biggest weekly gains on record, as a lockdown in major producer South Africa stoked supply worries.

Spot gold fell 0.4% to $1,622.65 per ounce by 0312 GMT after five straight sessions of gains. U.S. gold futures slipped 0.7% to $1,640 ...


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