Gold ends slightly higher, but logs weekly loss

2020-10-16 20:24:25 GMT (Economies.com)
Gold ends slightly higher, but logs weekly loss

Gold prices edged higher on Friday, as the US dollar fell against its peers. However, the precious metal posted weekly losses.

 

The US retail sales index rose 1.9% in September, beating forecasts of 0.7%, and the first reading of the University of Michigan's consumer confidence survey rose to the highest level since March at 81.2 points.

 

The dollar index fell against a basket of currencies by 0.1% to 93.7 points as of 20:49 GMT, after it hit a high of 93.8 and a low of 93.5.

 

Gold December futures rose 0.1% or $2.50, to close at $1,906.40 an ounce, with a 1% weekly loss, after hitting today's high at $1,918.7 and the low at $1,901.1.

 
 
 
  Symbol Last Change Chg.%
1.1834
0.0055
0.4657%
1.3024
0.0037
0.2818%
Tadawul
8154.59
-312.66
3.69%
24.331
-0.443
1.786%
39.149
-1.794
4.380%
41.77
-0.87
2.04%
1898.355
-13.660
0.714%
 
 
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