Gold Settles With a 2.4% Gain On The Week

By Myra P. SaefongMarketWatch Pulse

Gold futures fell on Friday, but scored a gain for the week. "Gold is down a bit after U.S. inflation data turned down the heat on the yellow metal, putting some support under the dollar," said Adam Koos, president of Libertas Wealth Management Group. Gold's recent rally, however, managed to erase most of the losses from earlier this year, he said. December gold settled at $1,183.10 an ounce on Comex, down $4.40, or 0.4%. That put an end to a five-session streak of gains, but prices ended the week 2.4% higher.

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