Gold Declines but Scores Weekly Gains

Gold prices declined on Friday, despite the decline of the US Dollar (USD), amid improved investors’ sentiment on Coronavirus vaccine progress.

Gold futures for February delivery decreased by $1.10, or 0.1%, and closed at $1,840 per ounce.

For the week, the yellow metal contracts gained 2.9%.

On the other hand, silver futures for March delivery gained 12 cents, or 0.5%, to finish at $24.253 per ounce, adding 7.1% on a weekly basis.