Gold price settles lower, narrows weekly gains

New York (Sept 15)  Gold prices declined in Friday, as the US dollar rose against major currencies, and treasury yields reached 3% for the first time in six weeks.

However, for the week, gold marginally rose by 0.05%, supported by rising concerns regarding trade war between the United States and China.

Gold futures for December delivery went down by 0.6%, or $7.10, and settled at $1,201.10 per ounce.

MUbasher