Gold futures tally a loss of nearly 3% for the week
Gold futures fell for a fifth straight session on Friday, their longest such losing streak since early July, with prices settling at their lowest in just over three weeks. Strength in the U.S. dollar contributed to the decline for dollar-denominated prices of the precious metal, with the ICE U.S. dollar index up 0.6% in Friday dealings, up more than 2% for the week. December gold fell $8.30, or 0.5%, to settle at $1,762.90 an ounce. Prices based on the most-active contract lost 2.9% for the week, FactSet data showed.
-Myra P. Saefong
(END) Dow Jones Newswires
August 19, 2022 13:48 ET (17:48 GMT)
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