Gold futures down four weeks in a row
Gold futures lost just a dime on Friday to tally a loss of 0.6% for the week. Analysts attributed the price declines to technical trading as well as growing expectations for a Federal Reserve interest-rate hike next month. December gold settled at $1,080.90 an ounce on Comex, the lowest settlement since Feb. 2010. For the week, prices lost 0.6% to mark a fourth straight week of declines.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.