Gold Falls For The Session, But Gains For a Second-straight Week

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures settled lower on Friday, as strength in the U.S. dollar and equities dulled investment demand for the precious metal. Prices, however, gained about 1.8% for the week, buoyed by uncertainty surrounding the pace of interest-rate increases by the Federal Reserve. February gold fell $7.90, or 0.7%, for the session to settle at $1,173.40 an ounce.

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