Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Gold futures highest weekly close in history
Gold futures traded sharply higher on Friday, but looked to tally a second weekly loss in row as the precious metal got caught up in the broad drop in risk assets after climbing last week to fresh record-high prices. https://t.co/OIXbqdZEyd via @MarketWatch
💡 The Commodities Feed: Gold slumps to two-week low (ING Bank) - @MTSInsights on https://t.co/orvmA6WYlS https://t.co/2nZki1xXGY
Spot gold has extended its decline, falling 1.7% to a two-week low. The precious metal has been caught up in a broader selloff of risk assets. Despite trading sharply higher on Friday, gold futures are on track for a second consecutive weekly loss. This comes after gold reached fresh record-high prices last week.