Gold futures post a weekly loss of nearly 2%

Gold futures declined on Friday to post a loss of roughly 1.9% for the week. It’s been a “bad week for gold prices…as a stronger U.S. dollar and tighter monetary conditions” pushed Treasury yields higher, said Michael Hewson, chief market analyst at CMC Markets UK. August gold fell $9.30, or 0.5%, to settle at $1,840.60 an ounce.

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