delivery gcq: The ICE U.S. Dollar Index DXY, 0.45% rose 0.6% Friday, set for a weekly rise of 1.1%. The fact that gold has managed to trade over 1,340 is a positive sign for next week, said Chintan Karnani, chief market analyst at Insignia Consultants, according to Market Watch. Corrections are a part of the big rally. Prices eased back from the session's best levels with the dollar on track for a gain on the week, putting some pressure on dollar-denominated gold prices. Gold for August delivery GCQ19, 0.06% climbed 80 cents, or nearly 0.1%, to settle at 1,344.50 an ounce. Prices had climbed to as high as 1,362.20 during Friday's session, which was the highest intraday since April 2018. Most-active contract prices settled at their highest in a week, but were still 0.1% lower than last Friday's settlement of 1,346.10, Fact Set data show.
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