Gold prices fell in the latest trading session as tensions in the Middle East continue, according to Roya News. Spot contracts for the metal (XAU/USD) ended Friday evening at $4,140.68 per ounce, a daily drop of $36.57, or 0.88%, from the previous close of $4,177.25.
During the session, prices moved within a daily range that touched a low of $4,125.35 and a high of $4,227.70.
Over longer periods, the yellow metal faced downward pressure: it declined 3.37% for the week and 5.57% for the month. On a yearly basis, however, gold is up 7.43%.
The 52-week range for gold stands between $3,883.93 and $5,595.46 per ounce.
