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For the first half of the year, the precious rallied from that low to $1375 at the beginning of July as the greenback remained weak on perception that bleak economic growth, along with global issues, would keep the Federal Reserve from raising interest rates four times as it projected.
Gold markets have been extraordinarily bearish over the last several months, and with that being the case I don’t have an interest in buying this market.
Gold prices settled at $1133.64 an ounce on Friday, ending the week just below where they started, as traders digested a series of mixed U.S. data releases.
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Gold ended the week down by 2% at $1133.70 an ounce, recoding a sixth consecutive weekly loss, as the U.S. dollar's strength against other currencies weighed on the market.
Gold markets had a slightly negative session on Tuesday, as we continue to bounce around the $1160 level.
Gold ended the week down $23.01 at $1159.20 an ounce, under pressure from higher risk appetite and the prospect of higher interest rates.
Gold ended the week down $6.13 at $1176.82 an ounce as strong U.S. economic data bolstered the case for the Federal Reserve to take a more hawkish stance on the monetary policy.
Gold prices settled at $1173.17 an ounce on Wednesday, suffering a loss of 8.14% over the month.
Gold ended the week down $23.73 at $1183.97 as the latest batch of U.S. economic data continued to support views the Federal Reserve will raise interest rates in December.
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Gold prices settled at $1209.08 an ounce on Friday, suffering a loss of 1.51% on the week, as renewed risk appetite and strong demand for the greenback continued to weigh on the market.
Gold ended the week down $67.29 at $1225.59, as a stronger U.S. dollar and increased appetite for riskier investments dampened demand for the metal.
Gold ended the week up $26.67 at $1304.13, as a weaker dollar, sagging risk appetite and intensifying worries over the outcome of Tuesday's presidential election helped lure buyers back into the market.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices rose for a second consecutive week but ended the month with a loss of 3.2%.
Gold ended the week up $14.85 at $1266.71 on speculation that the Federal Reserve will hold off on monetary policy changes until after the U.S. presidential election, and the forward path in interest rates is going to be slower than the market forecasts.
Gold ended the week down $5.25 at $1251.80 an ounce as the greenback rose on expectations that the Federal Reserve was moving closer to raising interest rates.