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Gold started the week under pressure as investors maintained their risk for appetite.
Gold ended the week down $25.52 at $1248.07 an ounce, recoding a third consecutive weekly loss, as investors continued to favor risky assets.
Gold prices dropped nearly 1.3% on Thursday to settle at their lowest level since July 21 as a broad selloff in commodities and a stronger dollar pulled the market down.
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Gold prices ended Wednesday’s session down $2.89 an ounce as strength in the U.S. dollar and a recovery in stock markets weighed on the market.
Gold prices dropped $10.34 an ounce on Tuesday as a stronger U.S. dollar and technical selling pressure continued to weigh on the market.
Gold prices ended Monday’s session up $2.34 an ounce as turbulence in world stock markets whetted investors’ appetite for the relative safety of the precious metal.
Gold prices settled at $1279.89 an ounce on Friday, suffering a loss of 0.69% on the week but making a gain of 0.32% over the month.
Gold prices fell $9.14 an ounce on Thursday, weighed down by recent gains in stocks.
Gold prices closed at their lowest level in a week on Wednesday, under pressure from a stronger dollar rising stock markets.
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Gold prices ended Tuesday’s session down $0.63 as the dollar strengthened on the back of the better-than-expected U.S. data.
Gold prices rose $5.39 an ounce on Monday, supported by a weaker U.S. dollar.
Gold prices settled at $1288.31 an ounce on Friday, suffering a loss of 0.29% on the week, as strength in global equities curbed appetite for the safe-haven metal.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices ended Thursday’s session nearly unchanged, taking a breather after jumping 0.9% the previous day.
Gold prices ended Wednesday’s session up $11.41 an ounce as the dollar weakened after minutes from the Federal Reserve’s latest meeting showed some officials were concerned over the inflation outlook.
Gold prices rose $3.39 an ounce on Tuesday as a retreat in the dollar helped the metal trim a portion of the previous day’s losses.