Gold futures end lower for the session and week
Gold futures fell Friday, down a fourth straight session, to post a loss of 2.1% for the week, according to Dow Jones Market Data. Prices fell “agonisingly short of $2,000 an ounce earlier this week, before slipping back,” said Michael Hewson, chief market analyst at CMC Markets UK. They finished the week lower, as another week of rising Treasury yields and a firmer U.S. dollar limited the upside potential for the precious metal, he said. June gold fell $13.90, or 0.7%, to settle at $1,934.30 an ounce.
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