Gold registers sharp losses in Q2

Gold registers sharp losses in Q2

By: Sally Ismail

Mubasher: Gold has recorded sharp losses in June, while it also decreased in the second quarter of 2018.

By the end of Friday’s activities, Gold futures for August edged up 0.3% to reach $1,254.50 per ounce.

During the week, Gold lost 1.3% or $16, registering the third weekly consecutive decline, while in June it levelled down more 3.8% or $50.

In Q2-18, Gold tumbled 5.5% or $72.8, while during H1-18 it retreated 4.2% or $54.8.

Source: Mubasher Exclusive