Gold rose from its lowest level in five months, Friday, August 18, as the dollar and bond yields fell, but the yellow metal ended the week on another decline, as encouraging data from the United States reinforced expectations that the US Federal Reserve has not yet finished raising interest rates.
Gold traded in spot transactions at levels of $1888.96 an ounce, after touching its lowest level since mid-March yesterday, Thursday, and ended the week down by 1.27%.
The US benchmark 10-year Treasury bond yields also fell from their highest levels since October.
Investors are now awaiting the meeting of central bank governors in Jackson Hole, Wyoming, USA, next week, to get clues about interest rates.
As for the other precious metals, silver ended the week up by 0.34%, at $22.74.
Platinum fell 0.27% to $909.88, and palladium lost 2.85%, ending the week at $1,256.13.
