Gold barely moved on Friday, having risen more than 2% in the previous session. Meanwhile, used mining equipment for sale trading rose as the euro weakened against the US dollar and equities markets extended losses on worries about a global recession.
But the yellow metal could find support from jewellers as the wedding season progresses in main consumer India where used mining equipment for sale are also strong. Platinum hit a 3-week low on fears of falling demand for autocatalysts, which account for more than 60% of global use.
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