Gold settles below the key $1,700 mark, at lowest in 9 months

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Gold futures fell Friday, settling below the $1,700 mark for the first time in nine months. The U.S. dollar index climbed Friday and the 10-year Treasury bond yield briefly topped 1.6% in the wake of the larger-than-expected climb in the number of U.S. jobs created in February, putting pressure on prices for the precious metal. April gold
GCJ21,
-0.15%
fell $2.20, or 0.1%, to settle at $1,698.50 an ounce. For the week, prices lost nearly 1.8%, FactSet data show.

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