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May 20, 2022, 1:50 p.m. EDT

Gold ends flat Friday, but books first weekly gain in a month

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By Joy Wiltermuth

Gold prices closed flat on Friday, but booked a weekly gain, putting an end to the yellow metal's longest streak of weekly losses in four years. Gold for June delivery /zigman2/quotes/210036777/delayed GCM22 -0.04% /zigman2/quotes/210034565/delayed GC00 -0.12% finished the session virtually unchanged, up just 90 cents, to settle at $1,842.10 an ounce on Comex, as continued volatility in equity markets led the S&P 500 index /zigman2/quotes/210599714/realtime SPX +3.06% to trade below the threshold needed for it to enter a bear market. For the week, the most-active gold contract gained 1.8%, snapping a four-week skid that was its longest stretch of weekly losses since August 17, 2018, when it fell for six weeks in a row, according to Dow Jones Market Data.

/zigman2/quotes/210036777/delayed
US : U.S.: Nymex
$ 1,825.70
-0.80 -0.04%
Volume: 61.00
June 24, 2022 12:05p
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/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,828.10
-2.20 -0.12%
Volume: 134,283
June 24, 2022 4:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,911.74
+116.01 +3.06%
Volume: 3.46B
June 24, 2022 5:05p
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