Gold futures on Friday rebounded from a more than 10-month low, but still finished lower for the week–their sixth-consecutive weekly loss. February gold rose $7.60, or 0.7%, for the session to settle at $1,137.40 an ounce. Gold recouped some of its recent losses after dropping Thursday by 2.9% to log its lowest settlement since early February, pressured by the rally in the U.S. dollar that followed the Federal Reserve’s decision to raise interest rates. For the week, gold prices declined by roughly 2.1%.
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