Open Demo Account
Home / Market Update / Commodities / Gold Futures Down 5% for the Week

Gold Futures Down 5% for the Week

M. Ali 25 September, 2020 10:42 pm Commodities, Market Update

Gold prices closed Friday in decline, extending its weekly losses to its worst level since last March.

The yellow metal losses came amid the appreciation of the US Dollar (USD).

Gold futures for December delivery decreased by $10.60, or 0.6%, and settled at $1,866.30 per ounce.

For the week, the precious metal futures registered weekly losses of 4.9%, the highest seen since March 13.

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

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