Gold Ends Higher, But Still Posts a Loss For The Week

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures settled higher on Friday, helping to pare their loss for the week. Overall strength in the U.S. dollar has put pressure on prices, but losses for the U.S. equities market this week provided some safe-haven support for gold. June gold added $1.50, or 0.1%, to settle at $1,272.70 an ounce on Friday. It was down nearly 1.7% from the week-ago settlement.

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