Gold prices fall for 4th week in row

New York (Aug 4)  Gold prices rose on Friday, supported by the mixed performance of the dollar, but recorded its fourth consecutive weekly decline.

The yellow metal is down 0.8% for the week, as the United States Federal Reserve assured its commitment to gradually raise interest rates in the upcoming period.

Gold futures for December delivery rose 0.2% to settle at $1,223.20 per ounce.

On the other hand, spot gold fell 0.6% near the end of Friday’s session, to $1,215.46 per ounce, nearing its lowest level since July 2017.

MUbasher