Gold Futures Fall More Than 1% For The Week, Down a Second Week In a Row

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures fell Friday, with strength in the U.S. dollar and expectations that the Federal Reserve will raise interest rates at its meeting next month sending prices down for a second-consecutive week. December gold lost $8.20, or 0.7%, for the session to settle at $1,208.70 an ounce. Prices settled at their lowest level since February, according to FactSet data. For the week, prices declined by 1.3%.

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