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.