Gold futures ended higher on Friday, but still posted a weekly loss as the dollar’s continued strength dimmed the demand for the safe-haven asset.

As risk sentiment improved thanks to strong U.S. economic data and progress on vaccination rollouts, equities gained in strength.

The dollar index, which rose to 92.87, was last seen at 92.80, up nearly 0.3% from previous close.

Gold futures for April ended up $7.20 or about 0.4% at $1,732.30 an ounce. Gold futures shed 0.5% in the week, the first weekly loss in three weeks.

Silver futures for May finished higher by $0.067 at $25.114 an ounce, while Copper futures for May settled at $4.0680 per pound, gaining $0.0900.

A report released by the University of Michigan showed U.S. consumer sentiment improved by even more than previously estimated in the month of March.

The report said, the consumer sentiment index for March was upwardly revised to 84.9 from the preliminary reading of 83.0. Economists had expected the index to be upwardly revised to 83.6.

The consumer sentiment index is well above the final February reading of 76.8, reaching its highest level since hitting 89.1 in the same month a year ago.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.