Gold Futures Settle 1.1% Lower For The Week

By Myra P. SaefongMarketWatch Pulse

Gold futures finished with a loss on Friday, down 1.1% for the week as traders looked to the latest U.S. jobs data for hints on the timing of a Federal Reserve interest-rate hike. December gold lost $3.10, or 0.3%, for the session to settle at $1,121.40 an ounce on Comex following losses over the previous two trading days. The settlement was the lowest since Aug. 18.

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