Gold Climbs For The Session, Ends Nearly Flat For The Week

By Myra P. SaefongMarketsMarketWatch Pulse

Gold climbed Friday, with a decline in the U.S. dollar helping prices post a gain for a third session in a row. Prices for the yellow metal settled a dime below their finish a week ago. "Gold is consolidating from the recent drawback, but is still in a correction mode," said Nico Pantelis, head of research at Secular Investor. "We should be nearing the bottom of the current correction in the next week or two, from where a bigger climb should start." August gold rose $7, or 0.6%, to settle at $1,256.40 an ounce. It finished last Friday at $1,256.50.

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