Gold prices settled at $1279.33 an ounce on Friday, suffering a loss of 1.41% on the week and 3.19% over the month.
Gold prices rose $4.62 an ounce on Thursday as a retreat in the dollar sparked some short-side profit taking.
Gold prices ended Wednesday’s session down $11.44, touching the lowest level in a month, as the dollar strengthened on the back of the better-than-expected U.S. data.
Gold prices ended Tuesday’s session down $5.84, weighed down by the strength in the greenback. Gold has recently come under pressure
Gold prices rose $12.97 an ounce on Monday as rising tensions between North Korea and the United States prompted investors to seek shelter in safe-haven assets.
Gold prices settled at $1296.90 an ounce, falling nearly 1.7% over the course of the week, as a stronger dollar and climbing stocks dampened demand for gold.
Gold prices ended Thursday’s session down $10.14 an ounce as a surprisingly positive assessment of the U.S. economy from the Federal Reserve continued to weigh on the market.
Gold prices dropped $10.01 on Wednesday as the prospect of a December rate hike by the Federal Reserve gave a lift to the U.S. dollar and weighed on the metal.
Gold prices ended Tuesday’s session with slight gains as the dollar weakened ahead of the Federal Open Market Committee meeting.
Gold prices ended Monday’s session down $11.98 as investors awaited the outcome of the Federal Reserve’s two-day policy meeting.
Gold ended the week down 1.23% at $1320.35 an ounce, ending its three-week winning streak, as signs of stabilization in riskier markets took some momentum away from the precious metal.
Gold prices rose $7.79 an ounce on Thursday as the dollar softened despite better-than-expected U.S. inflation data.
Gold prices dropped $9.12 on Wednesday as the dollar extended its rally. Easing geopolitical concerns dulled desire for safe haven diversification and pushed major U.S. stock indexes to fresh records.
Gold edged higher on Tuesday, recovering a portion of the previous day’s losses, as the dollar pared gains.
Gold prices ended Monday’s session down $9.25 as investors continued to cash in profits from a recent rally that pushed the market to the highest level in a year.