Monday 19 October 2015

Gold futures fall, but end with weekly gain

Gold futures on Friday suffered from their first decline in six sessions, giving up a year-to-date advance, as some strength in the U.S. dollar helped to pull investment interest away from the precious metal.

But prices still scored a gain of roughly 2.4% for the week, after reaching a four-month closing high on Thursday.

Gold for December delivery GCZ5, -0.84%  lost $4.40, or 0.4%, to settle at $1,183.10 an ounce on Comex, with prices now down about $1 year to date.

The multimonth settlement high on Thursday came after a recent slide in the dollar on the back of expectations the U.S. Federal Reserve will delay its first rate hike in almost a decade, until 2016.

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