Gold Falls as Dollar Falls

13-04-2019 MEDIA IN \AGENCIES
Gold prices fell Friday after hitting a one-day drop in two weeks, as the dollar’s slide against Wall Street gains eased.
In Thursday’s session, the yellow metal dropped from the psychological level of $ 1,300 to its lowest level in a week due to sharp gains for the dollar.
Spot gold fell 0.1 percent to $ 1290.71 an ounce in late trading in the US market.
US gold futures rose 0.1 percent to settle at $ 1295.2 an ounce.
On the other hand, the dollar fell 0.2 percent against a basket of major currencies and recorded the first weekly decline in four weeks, which prevented further decline in gold prices.