empty
 
 

2022.05.2018:11:00UTC+00Gold Futures Settle Flat, But Gain 1.8% In Week

Despite recovering from the session's lows, Gold futures settled flat on Friday, weighed down by a strong dollar.

The dollar index climbed to 103.20, gaining nearly 0.5%.

Gold prices recovered after U.S. stocks turned weak after an initial uptick. While bargain hunting after recent sharp losses pushed up stock prices early on in the session, worries about inflation and growth pulled the market down into negative territory.

Gold futures for June ended with a gain of $0.90 at $1,842.10 an ounce. Gold futures for June gained about 1.8% in the week, its first weekly loss since the week ended April 22. The four-week losing stretch was gold's longest in nearly four years.

Silver futures for July ended lower by $0.234 at $21.674 an ounce, while Copper futures for July settled at $4.2750 per pound, down $0.0080 from the previous close.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback