Friday, bullion hovered near 2-week lows on as a recovery in the dollar dulled bullion's demand as a currency hedge while investors were becoming wary of speculative long positions building in futures. Spot gold gained 0.2% hitting $995.45 an ounce at about of 3:10 GMT, compared to New York's notional close of $993.75. Currently, spot gold is set for a weekly drop of about 1%, after touching a two-week low on Thursday to close below $1,000 for the first time in nearly two weeks.
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