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 story : Gold futures edge higher, but finish with a loss for the week #FinanceUSA #StockMarketNEWS Gold futures edged higher on Friday, but failed to reclaim the key ,900 mark Thursday, prompting prices

@stockMarketNEWS 17 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Gold futures edge higher, but finish with a loss for the week #FinanceUSA #StockMarketNEWS
Gold futures edged higher on Friday, but failed to reclaim the key ,900 mark Thursday, prompting prices to log the first weekly loss in five weeks. A weaker-than-expected rise in May U.S. nonfarm payrolls pressured the dollar, contributing to the rise in dollar-denominated gold prices. August gold rose .70, or 1%, to settle at ,892 an ounce, but that followed a loss of 1.9% on Thursday to the lowest most-active contract price since May 18, according to FactSet data. For the week, gold futures lost about 0.7%, with the weekly decline coming on the heels of four consecutive weekly gains.


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