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Gold prices settled at $1296.90 an ounce, falling nearly 1.7% over the course of the week, as a stronger dollar and climbing stocks dampened demand for gold.
Gold prices ended Thursday’s session down $10.14 an ounce as a surprisingly positive assessment of the U.S. economy from the Federal Reserve continued to weigh on the market.
Gold prices dropped $10.01 on Wednesday as the prospect of a December rate hike by the Federal Reserve gave a lift to the U.S. dollar and weighed on the metal.
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Gold prices ended Tuesday’s session with slight gains as the dollar weakened ahead of the Federal Open Market Committee meeting.
Gold prices ended Monday’s session down $11.98 as investors awaited the outcome of the Federal Reserve’s two-day policy meeting.
Gold ended the week down 1.23% at $1320.35 an ounce, ending its three-week winning streak, as signs of stabilization in riskier markets took some momentum away from the precious metal.
Gold prices rose $7.79 an ounce on Thursday as the dollar softened despite better-than-expected U.S. inflation data.
Gold prices dropped $9.12 on Wednesday as the dollar extended its rally. Easing geopolitical concerns dulled desire for safe haven diversification and pushed major U.S. stock indexes to fresh records.
Gold edged higher on Tuesday, recovering a portion of the previous day’s losses, as the dollar pared gains.
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Gold prices ended Monday’s session down $9.25 as investors continued to cash in profits from a recent rally that pushed the market to the highest level in a year.
Gold prices settled at $1346.48 an ounce on Friday, rising nearly 1% over the course of the week, as safe-haven demand continued to lure investors into the market.
Gold prices ended Thursday’s session up $14.62 an ounce, helped by a slumping U.S. dollar.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices ended lower on Wednesday as the majority of market participants opted to remain on the sidelines ahead of the European Central Bank meeting.
Gold prices fell in U.S. trading on Wednesday, giving back all of the gains made in the previous session.
Gold prices rose $5.28 on Tuesday to settle at their highest levels in nearly a year as the weakness in the dollar and equities markets whetted investors’ appetite for the relative safety of the precious metal.