Gold Closes at Lowest in a Week

Gold prices declined on Thursday for the second time in three sessions, despite the U.S. Dollar (USD) fluctuating against major currencies.

The yellow metal has been under some selling pressures due to profit making and a relative improvement in risk sentiment that provided support for stock markets, with investors monitoring economic data and quarterly earnings reports.

Gold futures for August delivery lost $5.40, or 0.30%, and closed at $1,805.10 per ounce.

This is the lowest closing value for gold’s front-month contracts since July 28.