Published May 20, 2016 2:13pm EDT | Updated May 20, 2016 3:04pm EDT

Gold Futures Suffer Second Straight Weekly Loss

Gold futures fell on Friday, posting a loss of about 1.6% for the week, on concerns that the U.S. Federal Reserve may raise interest rates at its meeting next month. Higher rates can boost the dollar and weigh on dollar-denominated prices for gold. June gold fell $1.90, or 0.2%, to settle at $1,252.90 an ounce on Friday. The settlement was the lowest since April 27.