Gold falls 1.5% on day, down 0.4% on week
SAN FRANCISCO (MarketWatch) — Gold futures finished with a loss on Friday, as the possibility that the Federal Reserve could end its bond-buying run this year helped buoy the U.S. dollar. February gold settled at ,648.90 an ounce on the Comex division of the New York Mercantile Exchange, down .70, or 1.5%. Futures prices lost 0.4% for the holiday-shortened week. The minutes from the Federal Reserve Open Market Committee’s December meeting released late Thursday “indicated some concern from a few voting members about continuing asset purchases,” said Sonny Tahiliani, managing director of MacroMoves in New York. “The market had thought there was more agreement perhaps than there is.”
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