Gold Logs a Third Straight Weekly Loss

By Myra P. SaefongMarketWatch Pulse

Gold futures fell for a seventh session in a row on Friday to tally a weekly loss of nearly 5% as upbeat monthly U.S. jobs data raised the prospect for a Federal Reserve interest-rate hike in December. December gold settled at $1,087.70 an ounce on Comex, down $16.50, or 1.5%. Prices ended the week about 4.7% lower.

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