Gold Settles At a 1-week Low, But Still Holds Onto a Gain For The Week

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures settled Friday at their lowest level in a week, but still managed to score a modest gain from the end of last week. Traders looked to comments from various Federal Reserve officials for clues on the central bank's plans for interest rates. December gold fell $7.10, or 0.5%, to settle at $1,334.50 an ounce. That was the lowest settlement since last Friday but for the week, prices still gained 0.6%, according to FactSet data.

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