Gold futures fall for the session, post a gain for the week

Gold futures declined on Friday as the U.S. dollar saw modest strength. Prices posted a gain for the week, however, buoyed by expectations for further fiscal stimulus under the newly inaugurated President Joe Biden, which could weaken the dollar and lift dollar-denominated prices of gold. February gold
GCG21,
-0.04%
fell $9.70, or 0.5%, to settle at $1,856.20 an ounce. For the week, prices based on the most-active contract were up 1.4%, FactSet data show.