Metals Stocks: Gold lower, clinging to weekly gain ahead of consumer data, Yellen speech


Gold futures moved lower Friday, though they are still on track for a small weekly gain, as the dollar climbed ahead of U.S. consumer data and an afternoon speech from Federal Reserve chief Janet Yellen.

The metal slogged through its last five trading sessions after last week’s tumble marked the biggest price drop in more than three years. So far, little has emerged this week to sway market expectations for slow, data-driven interest-rate increases by the Fed.

December gold GCZ6, -0.21% fell $2.60, or 0.2%, to $1,255.00 an ounce. Gold is on track to end the week about 0.3% higher, according to Fact Set data.

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