Gold price down 0.5% for the week

London (Sept 8)  Gold prices declined on Friday as the dollar recovered on the back of strong employment data in the United States for August.

An increase in treasury yields also affected the precious metal, as anticipation for further interest hikes by the Federal Reserve increases.

Gold futures for December delivery went down by 0.3% to the level of $1,200.40 per ounce.

Gold has registered a weekly decline of 0.5%.

MUbasher