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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.

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