Gold Futures Lose 1% For The Week

Gold futures settled higher on Friday, recouping a portion of their losses from a day earlier, but prices still finished the week with a decline of 1%. That was the metal's eighth weekly loss in nine weeks. February gold settled at $1,065 an ounce on Comex, up $15.40, or 1.5%, for the session, following Thursday's 2.5% loss in the wake of the U.S. Federal Reserve's decision to lift interest rates for the first time since 2006.