Metals Stocks: Gold prices edge down, but cling to weekly gain


Gold futures edged down Friday, with dollar-denominated prices for the yellow metal pressured by strength in the buck, which was poised to finish the week with a gain against leading currency rivals.

The U.S. dollar strengthened Thursday and Friday against the euro, in particular, in the wake of the European Central Bank’s decision to leave its monetary policy unchanged and accommodative.

December gold GCZ6, -0.18% fell $1.40, or 0.1%, to $1,266.10 an ounce. Prices settled near $1,269 midweek, a more than two-week high, and looked set to end the week about 0.9% higher.

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