Home / Market Update / Commodities / Gold Maintains Gains for Second Straight Week

Gold Maintains Gains for Second Straight Week

Gold maintained a positive performance for the third session in a row on Friday to finish the week on a rise for the second consecutive week.

The yellow metal futures for August delivery gained $5.60, or 0.38%, to finish at $1,783.30 per ounce, its highest since June 23.

Gold gained about $15 or 0.8% over the last two weeks amid a fluctuating performance by the U.S. Dollar (USD).

A decline in Treasury bond yields also provided support for the precious metal, amid increased demand for safe havens due to reflation concerns.

Check Also

Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks

Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the …