Daily Gold Update

Source: Marketwatch

New York— Gold futures ended Friday's volatile trading slightly lower with gold posting its biggest monthly loss in 25 years, as the U.S. dollar rose against the euro, reducing the precious metal's appeal as an alternative investment. Gold for December delivery edged down $2, or 0.2%, to close at $835.20 an ounce on the Chicago Board of Trade. Gold rose 0.2% this week. For the month, the precious metal lost $89.2, the biggest monthly loss since at least 1984, according to FactSet.

Friday's trading was volatile, with the benchmark gold contract on the rise earlier as the dollar fell. The dollar, however, changed course and rose against the euro and the British pound in later trading. The greenback and gold tend to move in the opposite direction. In August, the dollar rose to the highest against the euro in five months as the European economy contracted. See full story.