Gold prices settled lower on Monday but remained within the trading range of the previous session.
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Gold prices settled at $1331.57 an ounce on Friday, suffering a loss of 0.38% on the week, as a bounce in the U.S. dollar index put pressure on the market.
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Gold prices ended a two-sided trading session virtually unchanged yesterday.
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Gold prices fell $12.37 an ounce on Wednesday as a firmer dollar prompted investors to take profits from a recent rally to a four-month high.
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Gold prices ended slightly lower Tuesday, ending a four-day streak of gains, as the dollar clawed back some of its recent losses.
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Gold prices rose $3.24 an ounce on Monday and hit the highest level since September 8, supported by a weaker U.S. dollar index.
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Gold prices settled at $1338.20 an ounce on Friday, gaining 1.35% on the week, as the weakness in the U.S. dollar continued to lure buyers into the market.
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Gold prices ended Thursday’s session up $5.44 an ounce, extending gains from the previous session
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Gold prices rose $4.31 an ounce on Wednesday as the dollar came under pressure after Bloomberg news published a story about the Chinese government possibly reducing its buying of U.S. government bonds.
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Gold ended the week up by 1% at $1319.91 an ounce, recoding a fourth consecutive weekly gain, as the continued weakness in the dollar bolstered demand for the precious metal.
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Gold prices resumed the move towards resistance at $1321 level an ounce, the highest in 3 months, after the gold’s gains stopped around that level on Wednesday
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Gold prices had an excellent session on Wednesday, as gains moved towards the resistance level at $1321 an ounce, the highest level in 3 months.
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Gold prices fell $4.48 an ounce on Wednesday, ending an eight-day streak of gains, as a rebound in the dollar and the market’s inability to penetrate the $1321
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The Gold prices recorded gains reached to $1321 an ounce during the morning trading on Wednesday, before it bounced quickly to $1312 an ounce at the time of writing
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Gold prices rose $9.84 on Tuesday as the dollar continued to fall on the first trading day of the new year.
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