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Gold futures end at lowest in 2 months, down nearly 4% for the week


Saturday, 6 June 2020 01:18 WIB

GOLDEMAS


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Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold.

August gold lost $44.40, or 2.6%, to settle at $1,683 an ounce. That was the lowest finish for a most-active contract since April 3. For the week, prices lost 3.9%, according to FactSet data.

Source: Marketwatch


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