XAU/USD swung between gains and losses after opening with a gap up and ended the day with minor losses.
Gold prices settled at $1324.59 an ounce on Friday, making a gain of 2.4% on the week and 4.1% over the month.
Gold prices rose $12.06 an ounce on Thursday after the Fed’s preferred inflation gauge remained below its annual target and the latest housing data came in weaker than expected.
Gold prices ended Wednesday’s session down $1.12 as the dollar moved higher on the back of better-than-expected economic data.
Gold fell on Tuesday after hitting a multi-month high in the session as some investors used this opportunity to take profit.
Gold prices fell in U.S. trading on Tuesday, erasing earlier gains, as a rebound in stock markets put pressure on the metal.
Gold prices ended Monday’s session up $17.85, helped by a slumping U.S. dollar index that hit a 15-month low.
Gold was extending its gains in afternoon U.S. trading as disappointing U.S. housing data pressured the dollar. XAU/USD reached the $1308-$1304 area
Gold prices settled at $1291.46 an ounce on Friday, gaining 0.6% on the week, as a drop in the U.S. dollar index lent some support to the precious metal. T
Gold prices ended Wednesday’s session up $5.71 as disappointing U.S. economic data and political uncertainty weighed on the dollar.
Gold prices fell $6.89 an ounce on Tuesday but remained within the trading range of the past four sessions as the battle between the bulls and the bears continued.
Gold prices rose $8.18 on Monday to settle at their highest level since June 6 as the greenback continued to weaken and equities edged lower.
Gold prices were higher U.S. trading Monday as stocks deepened their losses.
Gold prices settled at $1284.62 an ounce on Friday, as the market’s inability to hold above the $1296 level and better-than-expected U.S. economic data prompted investors to unwind bullish bets.
Gold prices rose $4.07 an ounce on Thursday, supported by weakness in global stocks.