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Gold prices settled at $1324.76 an ounce on Friday, scoring a gain of 0.34% on the week, as soft U.S. jobs data lured investors back into the market.
Gold prices ended the month down 2.95% as a strong run in major equity markets around the globe and renewed confidence in the U.S. economy led investors to reduce their safe-haven positions.
Gold ended the week down by 1.44% at $1321.82 an ounce, weighed down by a strengthening dollar and rising expectations for an interest rate increase this year.
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The gold markets initially fell during the day on Tuesday, but we found enough support near the 1325 level to turn things around and bounce to form a bit of a hammer.
Gold prices sank 1.8% and settled at $1336.84 an ounce as strength in the dollar weighed on the market and drew investors away from the precious metal.
The gold markets went back and forth during the course of the day on Wednesday, ultimately settling on a slightly negative candle. I believe that the longer-term outlook for gold is very bullish due to the concerns in the European Union, the United Kingdom, and quite frankly the fact that interest rates simply aren’t going anywhere anytime soon.
Gold prices settled at $1350.77 an ounce on Friday, rising 2.1% on the week and 2.2% over the month.
Gold ended the week down nearly 0.8% on rising equity prices and the stronger dollar. The American dollar got support from fresh economic data suggesting that the U.S. economy remains on a solid footing.
Gold settled up $15.03 at $1330.78 an ounce on Thursday, recouping most of the losses from the previous session, after the European Central Bank signaled it was ready and willing to ramp up stimulus to lift inflation and economic growth in coming months.
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Gold prices settled at $1337.73 an ounce on Friday, falling nearly 2.3% over the course of the week, as strength in the dollar and calmer financial markets dulled the precious metal's attractiveness.
Gold prices settled at $1364.61 an ounce on Friday, a rise of 1.66% over the course of the week's trading, as upbeat U.S. economic data failed to alter investors’ outlook on Federal Reserve interest rate increases.
Gold prices ended slightly lower Thursday, ending a six-day streak of gains, as the dollar strengthened on the back of the stronger-than-expected U.S. data.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices settled at $1342.19 an ounce on Friday, rising 8.8% on the month and 7.25% over the quarter.
Gold markets have been very bullish over the last couple of weeks, as the United Kingdom voted to leave the European Union. That being the case, there is quite a bit of concern when it comes down to the economic markets, and the list to say the currency markets.
Gold prices settled at $1317.33 an ounce on Friday, a rise of 2.4% over the course of the week's trading, as investors sought refuge from volatility in the wider markets.