Gold down 2.2% in week

Gold prices rose on Friday, but still registered weekly losses on the back of a stronger US dollar.

The precious metal received support from the concerns regarding the trade talks between the United States and China, which President Donald Trump doubted would reach an outcome.

Gold came under pressure this week, as the USD reached its highest level in 2018, with a surge in treasury yields that jumped to a seven-year high near 3.12%.

In the last trading session of the week, gold futures for June delivery rose by 0.2% to $1,291.30 per ounce.

Gold prices decline by around $29.5 during the week, losing around 2.2%, as traded below the $1,300 level.

This article provided by NewsEdge.