Gold Prices Lose Over 3% For The Week

By Myra P. Saefong Markets MarketWatch Pulse

Gold prices fell Friday for a third session in a row, losing more than 3% for the week and holding ground at their lowest level since mid-March. April's strong jobs report was expected to keep the Federal Reserve on a path of higher interest rates. June gold lost $1.70, or 0.1%, to settle at $1,226.90 an ounce. It lost 3.3% for the week, the largest such loss since the week ended Nov. 11, according to FactSet data.

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