Gold futures tally a loss of nearly 3% for the week


Gold futures fell for a fifth straight session on Friday, their longest such losing streak since early July, with prices settling at their lowest in just over three weeks. Strength in the U.S. dollar contributed to the decline for dollar-denominated prices of the precious metal, with the ICE U.S. dollar index DXY, +0.58% up 0.6% in Friday dealings, up more than 2% for the week. December gold GCZ22, -0.54% fell $8.30, or 0.5%, to settle at $1,762.90 an ounce. Prices based on the most-active contract lost 2.9% for the week, FactSet data showed.

This article was originally published by Read the original article here.

Previous articleThe Fed: Powell to tell Jackson Hole that recession won’t stop Fed’s fight against high inflation
Next articleBed Bath & Beyond shares on track for worst day on record


Please enter your comment!
Please enter your name here