Gold Registers First Weekly Loss in Two Months

Gold prices declined on Friday, marking the end of the worst-performing week for the precious metal since March.

An increase in the U.S. Treasury Yields has dominated some of the market’s demand for safe havens, leaving its toll on the yellow metal.

After trading as high as 2,072 last week, gold has lost around 4% this week, posting its first weekly decline since early June.

Gold futures for December delivery lost $20.60 or 1% and finished at $1,949.8 per ounc.

This the biggest decline for gold futures since mid-April 2013.