Gold ends slightly lower, but posts first monthly gain in 2021

Gold futures fell today, Friday, as the US dollar rallied against most of its peers, but the precious metal posted a monthly gain for the first time this year.

The US personal income index rose 21.1% in March, while personal spending rose 4.2%.

This week, Apple, Microsoft, Amazon, Facebook and Tesla have all reported strong earnings for the first quarter, while Twitter reported disappointing business results.

Concerns over the coronavirus crisis are still lingering, especially over the situation in India, which suffers rising infections and deaths.

The dollar index rose against a basket of major currencies by 0.7% to 91.2 points as of 19:58 GMT, after hitting a high of 91.3 points and a low of 90.5 points.

Gold June futures fell 0.1% or 60 cents, and closed at $1,767.7 an ounce, and posted weekly losses of 0.6%, with a monthly gain of 3%.