Gold Falls For The Session, Gains For The Week

By Myra P. SaefongMarketWatch Pulse

Gold futures settled lower on Friday, giving up a portion of their gains for the week as a climb in Chinese equities helped dull some of the metal's safe-haven appeal. February gold settled at $1,097.90 an ounce on Comex, down $9.90, or 0.9%, for the session. The metal had posted gains over the past 5 trading sessions in a row, as concerns surrounding China's economy and a plunge in its stock market helped to make gold more attractive to investors. For the week, prices climbed by 3.6%.

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