Gold futures fell on Friday to settle at their lowest level month to date, tallying a loss of 1.6% for the week. Hope for progress in U.S.-China trade negotiations provided support for U.S. benchmark stock indexes, dulling demand for haven gold.
December gold fell $12.20, or 0.8%, to settle at $1,488.70 an ounce. That was the lowest settlement since Sept. 30, according to FactSet data.
Source : MarketWatch