Gold faces biggest weekly drop in 3 years.

 
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Gold extended losses to a three-month low on Friday as positive developments in US-China trade tarnished the metal's safe-haven appeal, putting it on track for the biggest weekly decline in three years.

Spot gold was down 0.3% at $1,463.20 per ounce as of 1:56 p.m. EST (1856 GMT), poised for a drop of about 3.4%, the biggest weekly loss since November 2016. It fell to $1,455.80, its lowest since Aug. 5, earlier in the session. US gold futures settled down 0.2% at...

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