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STEPHEN INNES
Gold prices lost about 4.5% in value this week after hitting a record peak of $2,072.50 on August 7.
Gold traders may prefer to let this week's dust settle and see where real yields pivot next week.
Brent crude held most of it gains from the previous trading session.
The plunge came as appetite for risk assets recovered thanks to a stronger greenback and real rates.
Shares of oil majors, BP and Royal Dutch Shell gained 3.4% and 2.7% respectively.
This is the longest losing streak recorded by the safe-haven currency in ten years.
Oil markets traded softer into the weekend on the back of escalating US-China tensions.
The surge in recent days in Covid-19 caseloads remains a great concern for oil traders.
American Dollar Index gained 0.27% to trade at 93.025.
Brent crude futures rose slightly at 0.13% to trade at $45.23.
The price of Spot gold as at 05.59 GMT was up by 0.20% to trade at $2,023.41.
Brent crude is expected to stay below the $45 resistance levels in the coming days.