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Gold prices ended Friday's session down $8.28, to settle at $1145.60 an ounce as the dollar pared losses after a report showed the U.S. economy grew more than forecast in the second quarter.
Gold prices fell for a second day and settled at $1124.56 per ounce, losing $8.53, as strong gains in the U.S. dollar helped draw investors away from the precious metal.
Gold settled up $1.31 at $1108.87 on Monday but remained within the trading range of the past 3 sessions as the market cautiously awaits the start of the Federal Open Market Committee meeting this week.
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Gold prices settled at $1107.48 per ounce, falling nearly 1.42% over the course of the week.
Gold prices ended the month up roughly 3.5% at approximately $1134 an ounce, benefited from uncertainty posed by China's surprise devaluation of its currency.
Gold prices ended the month down roughly 6.7% at approximately $1095 an ounce, weighed by speculations that the U.S. Federal Reserve adopts a gradual pace of tightening this year.
Gold prices remain coiled within the recent trading range during today's Asian session as the Federal Reserve meeting gave investors few new clues as to when interest rates may rise.
Gold prices ended Tuesday nearly unchanged as investors remained cautious ahead of the Federal Open Market Committee announcement today.
Gold prices ended Tuesday's session down 1.29% as a robust dollar and technical selling continued to weigh on the market.
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Gold has been under pressure for a long time and this month was no different from the previous ones. With the help of the support around the $1166 level, the market tried to pass through the $1207/0 region but the bulls surrendered after the initial rally faded as buying dried up.
Gold prices ended Tuesday's session down 1.63%, or $19.70, to settle at $1187.04 an ounce as a strong rally in the dollar drew investors away from the market.
Gold retreated on Wednesday as investors took profits from a recent rally to a three-week high. I have to say that gold had an interesting month; the market initially advanced to the $1225/2 area then spent the next three weeks grinding lower -despite the weakness in the dollar- and rose sharply again this week.
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Sign up to get the latest market updates and free signals directly to your inbox.Get the March 2015 forecast for Gold here.
Although gold prices suffered a weekly loss of nearly 0.86%, the market had a strong month overall. Get the forecast for February 2015 here.
Gold had ended 2013 at $1206.80 per ounce and as you can see, today we are almost at the same level where we were one year ago.