Gold futures witnessed its first weekly drop in three weeks

The world gold market started the week in favor of a "hot" geopolitical uprising following the three US, French and British allies launched an air strike in Syria last week. However, this trend has softened over the weekend, as the dollar recovered and concerns about geopolitical instability diminished.

Remarkable April 19, spot gold prices ended a series of four consecutive ups and downs, after US President Donald Trump pledged to do everything possible to make the summit with the leader North Korea's Kim Jong-un on the denuclearization of the Korean peninsula has yielded results, easing global instability.
In addition, predicted US interest rates are about to increase also reduce the attractiveness of gold. US 10-year government bond yields rose to 2.948 percent on April 20, prompting many investors to ignore "safe-haven havens" such as gold to look for bonds and stocks. Meanwhile, in the last session of the week, the dollar index rose 0.4% against other currencies to 90.26 (points).
Closing the trading session on 20/4, in the US market, spot gold prices fell 0.6% to $ 1,336.96 per ounce. For the whole week, this item lost 1%. Gold futures for June delivery fell $ 10.5 to settle at $ 1,338.30 an ounce, down 0.7 percent for the week, the first time in three weeks.
Also in this session, spot silver lost 0.5 percent to $ 17.13 an ounce, but rose 3 percent for the week. Platinum plunged 0.6 percent to $ 927.40 an ounce, making it down 0.6 percent for the week.