Gold ends flat Friday, but books first weekly gain in a month
Gold prices closed flat on Friday, but booked a weekly gain, putting an end to the yellow metal's longest streak of weekly losses in four years. Gold for June delivery finished the session virtually unchanged, up just 90 cents, to settle at $1,842.10 an ounce on Comex, as continued volatility in equity markets led the S&P 500 index to trade below the threshold needed for it to enter a bear market. For the week, the most-active gold contract gained 1.8%, snapping a four-week skid that was its longest stretch of weekly losses since August 17, 2018, when it fell for six weeks in a row, according to Dow Jones Market Data.
(END) Dow Jones Newswires
May 20, 2022 13:50 ET (17:50 GMT)
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