Gold Ends Higher, But Logs First Weekly Decline In 3 Weeks

Gold futures notched a gain Friday, but posted a weekly drop as a flight to haven assets dissipated and as a weekly gain in the dollar pressured the yellow metal. The U.S. ICE Dollar Index , a gauge of the buck against a basket of six rival currencies, climbed 0.5% this week-its first weekly gain in three weeks, coinciding with weekly moves for gold . June gold settled $8.10, or 0.7%, higher at $1,234.60 an ounce. Gold's weekly decline was its first in three weeks. Outshining gold was its sister metal, silver , which also climbed Friday, gaining 0.9%, but booking a nearly 6% weekly advance, the gray metal's best weekly climb in about a month.

Copyright © 2016 MarketWatch, Inc.