Gold Futures Settle With a Loss For The Week

Gold futures settled a dime lower on Friday with a loss for the week. Prices saw pressure from strength in the U.S. dollar as investors parsed through comments from Federal Reserve Chairwoman Janet Yellen regarding the likelihood of an increase rate rise this year. June gold fell 10 cents to settle at $1,204 an ounce on Comex. Tracking the most-active contracts, prices lost 1.7% for the week -- their first weekly loss in 3 weeks.