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* Platinum slips from greater than 4-yr excessive, set for 2nd weekly acquire * Interactive graphic monitoring international unfold of coronavirus: tmsnrt.rs/3mvcUoa (Updates costs) By Okay. Sathya Narayanan Jan 22 (Reuters) - Gold costs fell greater than 1% on Friday as a broader market sell-off weighed on the metallic together with a agency greenback, whereas hopes for additional stimulus from the U.S. put bullion on monitor for its first weekly acquire in three. Spot gold was down 0.8% at $1,855.81 per ounce by 12:13 a.m. EST (1713 GMT), retreating from a two-week excessive hit on Thursday. The metallic was up 1.6% thus far this week. U.S. gold futures fell 0.6% to $1,854.60. "Whatever the asset class every thing from equities to agricultural to softs are promoting off and a whole lot of emphasis is on whether or not the stimulus could possibly be handed and whether or not the (COVID-19) vaccine rollout could possibly be efficient," mentioned Phillip Streible, chief market strategist at Blue Line Futures in Chicago. The power within the greenback was additionally weighing on bullion with benchmark U.S. Treasury yields agency above 1%, Streible mentioned. U.S. President Joe Biden has proposed a $1.9 trillion coronavirus aid plan, although some Republicans expressed considerations over the quantity. International equities benchmarks slipped from document highs and grains futures fell, whereas the greenback edged larger in opposition to key rivals. Elsewhere, platinum fell 1.8% to $1,105.77 an oz., having hit its highest since August 2016 on Thursday. It was set to put up its second consecutive weekly acquire, up 3.2%. "Consequently, the worth differential to gold narrowed for a time to $720 per troy ounce. The final time it was any decrease was in February final 12 months," mentioned Commerzbank analyst Carsten Fritsch in a be aware. "There was no particular set off for the worth surge. The worth could have been pushed up by technical shopping for after it exceeded its earlier excessive at $1,130." Silver fell 1.8% to $25.48 an oz., however was up 2.8% thus far this week. Palladium eased 0.3% to $2,355.95. (Reporting by Okay. Sathya Narayanan in Bengaluru; Modifying by Elaine Hardcastle and Jane Merriman)
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