NEW YORK/ LONDON, Oct 24- Gold edged lower on Friday and closed down for the week as rallying equity markets and strong U.S. economic data dented demand for the precious metal as an insurance against risk. COMEX gold futures outperformed spot, settling up $2.70 at $1,231.80 an ounce, with lower-than-usual volume, according to preliminary Reuters data.» Read More
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Gold edged lower and closed down for the week as rallying equity markets and strong US economic data dented demand for the precious metal.
Brent crude fell below $86 a barrel on Friday on news of strong supply from OPEC producers and a case of Ebola in New York.