Gold futures settle with a loss, but edge up for the week


Gold futures settled with a loss on Friday, but finished the week with a modest gain. “Risks of rising Treasury yields triggering a resilient dollar have taken some of the love away for gold,” said Edward Moya, senior market analyst at Oanda. However, “economic scarring will warrant easy money for a lot longer and that should still provide underlying support for gold prices,” he said. Moya added that gold may test the $1,800 level over the holiday weekend, and that could “trigger one last strong push lower before buyers emerge.” April gold
fell $3.60, or 0.2%, to settle at $1,823.20 an ounce. Prices based on the most-active contract rose about 0.6% for the week.


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