Gold Declines to Limit Weekly and Monthly Rise

Gold prices declined on Friday, as the U.S. Dollar (USD) rebounded from its recent losses, but the yellow metal was able to maintain the key $1,800 level by the end of the week to register weekly gains.

Front month futures closed lower by $18.60 or 1.02% at $1812.60 per ounce.

For the week, the yellow metal futures registered an increase of 0.60%, its best since the week ending July 9.

On a monthly basis, gold managed to achieve its best performance since May, finishing July higher by 2.36%.