Gold prices decline in light of the rise in the dollar

Gold prices fell today, Friday, amid the rise of the dollar, but they are heading to record the fourth weekly rise in five weeks after receiving support from the Federal Reserve maintaining its expectations to reduce interest rates during the current year.

Gold in spot transactions fell 0.4 percent to $2,172.72 per ounce, but rose 0.8 percent since the beginning of the week.

US gold futures also fell 0.5 percent to $2,174.30 an ounce. (The Economic Statement)