Gold prices up for the Friday session, but drop for a fifth month in a row

September 1, 2018

New York (Sept 1)  Gold prices settled higher on Friday, but still suffered a decline for a fifth month in a row on the back of a sharp August gain in the leading dollar index DXY, +0.42% and expectations for further U.S. interest-rate increases this year. December gold GCZ8, +0.16% added $1.70, or 0.1%, to settle at $1,206.70 an ounce, paring its weekly loss to about 0.5%. For the month, it fell roughly 2.2%. That was the fifth straight monthly decline and longest streak of monthly declines for a most-active contract since the one ended in February 2013, according to FactSet data


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