Gold prices fell for a sixth consecutive week, with Friday’s losses pushing the preious metal to its lowest in more than five years.
A stronger dollar contributed to the decline.
Gold futures for December delivery settled down $13.80, or 1.3% at $1,056.20 an ounce on Comex.
Expectations that the Federal Reserve will raise interest rates next month are weighing on prices.
The material has been provided by InstaForex Company – www.instaforex.com