Gold Futures Lose 5% For The Week

Gold futures fell on Friday, suffering from a sixth straight session loss to tally a weekly decline of roughly 5% as traders assessed recent U.S. economic data to gauge the likelihood of a Federal Reserve interest-rate increase before the end of the year. Monthly nonfarm payrolls data released Friday came in weaker than expected, but still showed a solid gain in employment. December gold fell $1.10, or 0.1%, to settle at $1,251.90 an ounce for the session. Prices settled at their lowest level since June 7, according to FactSet data.

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