Meanwhile in China, Communist Party officials begin a four-day policy plenum today, to lay out a five-year plan to guide the economy to 2025.
Gold has dropped below US$1,900 an ounce on the spot market, to about $1,895/oz at the time of writing.
Base metals closed lower in London on Friday as the virtual LME Week wound up, where one panel had heard metals demand could stagnate in 2021 due to a second wave of COVID-19 infections.
The US reached a record number of coronavirus infections for the second day in a row, adding another 85,317 cases, Bloomberg reported this morning.
Among the majors, Polymetal closed down 0.8% in London on Friday, Barrick Gold was off 0.3% in Toronto, Freeport-McMoRan finished flat in New York and BHP was slightly lower in morning Australian trade.
Finally, junior Kanadario Gold (TSXV: KANA) was a big mover in Toronto, up 78% on a planned name and management change plus backing from Sprott and the Lundin family.