Gold price sees most monthly losses since 2013

London (Sept 2)  Gold prices settled higher on Friday, as trade war concerns were renewed, however, the previous metal couldn’t recover from its monthly decline.

The yellow metal was pressured by the dollar’s strong performance, as well as the rising US treasury yields.

Gold prices ended August down 2.2%, losing around $62.9, for the fifth month in a row, recording its longest declining streak since February 2013.

Gold prices are also down 0.5% for the week.

On Friday, gold futures edged up by 0.1%, compared to its level on Thursday, and settled at $1,206.70 per ounce.

MUbasher

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