Gold Prices Gain For The Month, But Fall For The Week

Gold prices climbed on Friday, raising their monthly gain to roughly 1.3%, as weaker-than-expected first-quarter U.S. economic growth weighed on the dollar. Prices, however, ended the week about 1.6% lower as a rise in global equities from last Friday helped to dull safe-haven investment demand for the metal. June gold rose $2.40, or 0.2%, to settle at $1,268.30 an ounce for the session.

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