Open Demo Account
Home / Market Update / Commodities / Gold Finishes Higher to Snap Three-Week Losing Streak

Gold Finishes Higher to Snap Three-Week Losing Streak

M. Ali 25 June, 2021 10:39 pm Commodities, Market Update

Gold prices rose modestly on Friday, as the U.S. Dollar (USD) declined across the board, finishing the week higher for the first time in four weeks.

The rise in U.S. inflation provided support for gold amid mixed expectations for interest rates.

Gold futures for August delivery gained by $1, or 0.06%, to settle at $1776.60 per ounce.

The yellow metal most active contract increased for the week by $8.70, or 0.49%, after three consecutive weekly losses.

Tags

Check Also

Market Drivers – US Session – On the Eve of NFP Revision: What’s Next for the US Dollar?

The US dollar continues its recent downward trend, a movement influenced by ongoing analysis of …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends