Global gold prices witnessed a significant decrease at the close of trading today, Friday, following the rebound of the dollar, and with the assessment of the course of monetary policy by the Federal Reserve.
The precious metal declined in total trading this week, ending a weekly gain streak that lasted for the past six weeks.
Upon settlement today, Friday, gold futures contracts for June delivery fell by 1.9%, or the equivalent of $39.5, to reach $2015.8 an ounce, achieving a weekly loss of 0.5%.
While the dollar index, which measures the performance of the US currency against a basket of six major currencies, rose 0.6% at 101.64 points at 08:58 PM Mecca time.
