Commodity Market Update : Epic Research Malaysia

Gold futures rose Friday following a string of losses, but are still down 2%, their worst weekly decline in a month.

Gold for December delivery GCZ4, +0.50% rose $4.80 to settle at $1,280.20 an ounce.

Gold futures have declined in the previous five sessions, in part as a hawkish tone at the Fed’s meeting in late July resulted in dollar strengthening DXY, +0.21% A stronger greenback makes dollar-denominated assets such as gold more expensive for holders of other currencies.

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