Gold Futures Suffer Second Weekly Loss In a Row

By Myra P. SaefongMarketWatch Pulse

Gold futures settled sharply lower on Friday, making their gains for the week disappear, amid pressure from a stronger U.S. dollar as well as recent gains in oil prices. April gold fell $18.40, or 1.5%, to settle at $1,220.40 an ounce. For the week, prices were down roughly 0.8%.

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