Gold Heading For The Fourth Weekly Gain, With Fed Sticking to Easing Tone

Gold prices fell on Friday, July 16, but remained on track to achieve gains for the fourth consecutive week, supported by the confirmation of the US Federal Reserve Chairman to stick to the accommodative monetary policy of the economic recovery.

And the price of gold in spot transactions fell 0.3% to $ 1823.66 an ounce, after reaching $ 1833.65 Thursday, the highest level since June 16.

US gold futures fell 0.2% to $1,825.40 an ounce.

Silver fell 0.6% to $26.18 an ounce.