Mubasher: Gold settled down at Friday’s settlement, losing 1% for the week.

Comex August gold declined by $20.8, or 1.5%, to settle at $1,400.1 per ounce.

By 08:06 pm GMT, the US dollar index (DXY), which measures the US currency against a basket of six major currencies, increased by 0.53% at 97.28.