Metals Stocks: Gold ends lower, but books a weekly climb as dollar’s run cools

Gold futures settled lower on Friday, but finished higher than a week ago as a benchmark dollar index weakened, offering some support to prices for the precious metal.

June gold GCM8, -0.11% fell $1.60, or 0.1%, to settle at $1,320.70 an ounce. The contract settled Thursday at $1,322.30 an ounce—marking the highest finish for a most-active contract since April 27. Futures saw a roughly 0.5% rise for the week, which marked the first weekly climb in about a month.

Bullion held its modest gain after a report showed a tepid rise in import prices for April, offering little immediate fodder for argument over higher inflation risks hanging over Federal Reserve interest-rate decisions.

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