XAUUSD 2Hr TF view!
Yellow metal ends lower for the week
Gold futures dropped by more than 2% on Friday to post their first weekly loss in a month in what some analysts see as a "typical" pullback in the wake of the metal's rise to record highs earlier this week.
While gold's decline "seems harsh, it's fairly typical behavior for a market that's being driven...largely by Western investor speculation," Brien Lundin, editor of Gold Newsletter, told MarketWatch.
Gold futures dropped by more than 2% on Friday to post their first weekly loss in a month in what some analysts see as a "typical" pullback in the wake of the metal's rise to record highs earlier this week.
While gold's decline "seems harsh, it's fairly typical behavior for a market that's being driven...largely by Western investor speculation," Brien Lundin, editor of Gold Newsletter, told MarketWatch.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.