Gold Prices Down 9 Sessions, Lose 2% For The Week

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures settled lower Friday for a ninth session in a row as monthly data on U.S. nonfarm payrolls fed expectations that the Federal Reserve will announce a decision to raise interest rates at its meeting next week. April gold fell $1.80, or 0.2%, to settle at $1,201.40 an ounce. Prices lost about 2% for the week, according to FactSet data.

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