Gold Futures Down Five Weeks In a Row

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures settled Friday at their lowest level since February, posting a weekly loss for a fifth straight week amid expectations that the Federal Reserve will raise interest rates at its meeting next week. February gold lost $10.50, or 0.9%, for the session to settle at $1,161.90 an ounce-the lowest finish since early February, according to FactSet data. For the week, prices declined by roughly 1.1%.

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