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Gold prices settled at $1270 an ounce on Friday, suffering a loss of 0.24% on the week, as expectations of tighter monetary policy in the U.S pushed the dollar higher.
Gold prices rose slightly on Thursday and closed the session at $1275.88 an ounce.
Gold prices ended Wednesday’s session with gains after the Federal Open Market Committee meeting ended with a statement that saw very little reaction from the markets.
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Gold prices ended Tuesday’s session down $5.16 but remained within the trading range of the past three days as investors awaited the outcome of the Federal Reserve’s two-day policy meeting.
Gold prices rose for a second straight session and settled at $1276.15 an ounce, supported by a weaker U.S. dollar index and a slide in U.S. equities.
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Gold prices ended Wednesday almost unchanged after a volatile session that saw prices swing between gains and losses as investors opted to remain on the sidelines ahead of the European Central Bank meeting.
Gold prices ended Tuesday’s session down $5.34 as gains in equity markets dented the appeal of the safe-haven metal.
Gold ended the week down 1.77%, giving up most of the previous week’s gains, as a rally in the U.S. dollar index weighed on the market and drew investors away from the precious metal.
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Gold prices rose for the first time in four sessions and settled at $1289.76 an ounce as a softer dollar lent some support to the precious metal.
Gold prices dropped $4.22 an ounce on Wednesday, dragged down by a stronger dollar and U.S. equities closing at record highs.
Gold prices fell $10.22 an ounce on Tuesday, extending their losses to a second straight session, as strength in the U.S. dollar eroded the appeal of the precious metal.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices moved lower on Monday as the dollar clawed back some of its recent losses.
Gold prices rose $9.91 an ounce on Friday, up for the sixth straight session to $1303.29, as a softer dollar lured investors back into the market.
Gold prices ended Thursday slightly higher after a quiet session. XAU/USD reached the $1298-$1296 area as expected but was unable to break through.