MARKET OVERVIEW - Gold Dips on the Final Day of the Week

Forex - Gold prices declined on the last day of the week due to the pressure created by a strong dollar. The price of gold per ounce fell by 0.30% to $2,626.09. KCM Trade's chief market analyst Tim Waterer stated, "There are geopolitical hotspots around the world, keeping gold in play from a safe haven perspective. Amid the events in Russia-Ukraine and Gaza, investors continue to show interest in gold against the possibility of further escalation in both situations." Gold has gained 27.3% in value so far this year, but has dropped 1% since the beginning of the month.