Gold prices finished last week with a loss on Friday and a loss for the week.
Gold held ground above the key $US1,500-an-ounce mark as Wall street traded lower following a report that the Trump administration is looking to limit US portfolio investments into China.
Media reports on Friday said Trump is considering delisting Chinese companies from US stock exchanges as one of the options to limit investment.
Comex gold prices managed to settle off the session’s worst levels but still finished with a loss as the strength of the US dollar undermined the metal.
The ICE US Dollar Index which tracks the greenback against a basket of six major rival currencies was little changed at 99.08 near a more-than-two-year high. The index rose 0.6% last week.
Comex gold for December delivery fell $US8.80, or 0.6%, to settle at $US1,506.40 an ounce, the lowest finish for a most-active contract since in 10 days. Comex gold lost 0.6% for the week.
Comex December silver fell 26 cents, or 1.5%, at $US17.652 an ounce, for a loss of 1.1% over the week.
In other metals trade, the most-active January platinum contract fell 0.7% to $US936.10 an ounce on Friday, for a weekly loss of 1.4%, while December palladium closed up 0.6% to $US1,652.90 an ounce, for a gain of 1.7% over the week.
December copper futures rose 0.8% at $US2.5975 a pound, trimming the weekly loss to around 0.4%.
