Gold futures posted losses both during the session and for the week on Friday, hitting their lowest settlement level in more than a week as the strengthening of the US dollar weakened investment demand for the precious metal. “Gold is still plentiful, but trade leads to FOMC decision. [on Wednesday] could lead to pricing between a trading range of $ 1870 to $ 1900, “said Edward Moya, senior market analyst at Oanda. August gold GCQ21.
Quotes fell $ 16.80, or 0.9%, to $ 1,879.60 an ounce, the lowest end-of-period activity since June 3, according to FactSet. Over the week, prices have lost about 0.7%.