Gold prices ended Tuesday’s session down $8.98 an ounce, pressured by a rebounding dollar.
Gold inched higher on Monday as the dollar’s weakness persisted but a strong session for equities limited buying interest.
Gold prices settled at $1347.45 an ounce on Friday, scoring a gain of 2.6% on the week, as a softer dollar and worries over growing trade tensions between the U.S. and China prompted investors to seek refuge in gold.
Gold prices fell $3.13 an ounce on Thursday as investors took profits from a rally spurred by a less hawkish than expected Federal Reserve and concerns over a brewing trade war with China.
Gold prices ended Wednesday’s session up $21.32 an ounce as the U.S. dollar weakened after the Federal Reserve took a less hawkish view on monetary policy than some market players were expecting.
Gold prices fell $5.82 an ounce on Tuesday, weighed down by a rise in the U.S. dollar ahead of a Federal Reserve meeting at which the central bank is expected to announce its first rate increase of 2018.
Gold prices settled at $1313.52 an ounce on Friday, posting a loss of 0.76% on the week, as a stronger dollar reduced demand for the precious metal as an alternative investment.
Gold prices fell $8.47 an ounce on Thursday, weighed down by a rise in the U.S. dollar after a report showed that the number of Americans filing for unemployment benefits dropped last week.
Gold prices ended Wednesday’s session down $1.65 an ounce, pressured slightly by a firmer U.S. dollar index.
Gold prices rose $3.46 an ounce on Tuesday, supported by a weaker dollar. The dollar weakened after data from the Labor Department showed U.S. consumer prices rose moderately in February.
Gold prices ended Monday’s session down $0.77 an ounce as investors took a cautious stance ahead of U.S. inflation data.
Gold prices settled at $1323.35 an ounce on Friday, ending a choppy week virtually unchanged.
Gold prices fell for a second straight session and settled at $1321.76 an ounce with investors cautious ahead of the Labor Department’s monthly non-farm payrolls report.
Gold prices fell $12.21 an ounce on Wednesday as traders cashed in recent gains ahead of key U.S. economic data later in the week.
Gold prices rose $14.58 an ounce on Tuesday as a sell-off in the U.S. dollar index prompted buying interest in the market.