Gold prices decline, leading to a loss for the week

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Gold futures declined on Friday as strength in the U.S. dollar weighed on prices for the precious metal, leading to gold’s modest loss for the week. “Gold has a strong case to rise higher, but it won’t shake off a surging dollar,” said Edward Moya, senior market analyst at Oanda. “Gold could soften towards $1,800 and if buyers don’t emerge, it could get ugly fast,” he said. February gold
GCG21,
-0.12%
lost $21.50, or 1.2%, to settle at $1,829.90 an ounce. Prices based on the most-active contract lost 0.3% for the week, FactSet data show.

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