Gold prices are declining, coinciding with an increase in the price of the dollar

Gold prices are declining at the settlement of Friday’s trading session, coinciding with a rise in the price of the dollar.

• Gold futures fell by 1.9%.

Gold prices fell at the settlement of Friday’s trading, recording weekly losses, one day following recording the second-highest settlement price on record.Divorce.

Upon settlement, gold futures fell regarding 1.9%, or $39.5, to $2015.8 an ounce.

Prices of the most active contract over the week declined by 0.5%.

Gold’s losses coincided with an increase in the dollar’s price following statements by a Federal Reserve official that there was a need to raise interest rates once more.

The dollar index rebounded from a one-year low and Treasury yields rose.

“The metals market is likely to decline ahead of the US Federal Reserve’s interest rate decision in May, amid expectations of a 25 basis point hike,” said Daniel Pavilonis, chief market strategist at RJO Futures.