Gold records the lowest close for a month and weekly losses of about 2%



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Gold prices fell at the close of trading on Friday, as pressure continued to climb against the dollar against major currencies and despite the decline in US stocks.

The precious metal continued to be under pressure after unchanged stabilization of the Federal Reserve's interest rate and forecasts of a further rise to its next month's meeting.

At closing, the gold futures for December delivery fell $ 16.50, or 1.4%, to $ 1,088.60 an ounce, the lowest close since October 10 and a weekly loss of about 2%, the second consecutive decline.

The dollar index, which measures the performance of the greenback against a basket of major currencies, rose 0.20% to 96.91 points at 21:31 Meccan time.

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