On Friday, global markets for precious metals moved lower as spot gold prices dipped, leading to an overall decline for the week. Data from financial markets indicated that the spot gold price fell by 0.5 percent to trade at $4,326.75 per ounce. Meanwhile, United States gold futures for December delivery decreased nearly 1.0 percent, reaching $4,382.50 per ounce. The downward trend followed a brief surge on Thursday when bullion prices hit their highest levels in over two months before retreating by 1.3 percent amid quick profit taking.
