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Metals Stocks: Gold slightly lower but on track for weekly gain

Gold futures edged lower Friday but remained on track to log a weekly gain a day after the largest their largest one-day drop since August.

Gold for April delivery on Comex GCJ9, -0.19% was off $1.50, or 0.1%, at $1,326.30 an ounce, while March silver SIH9, -0.01% was up 1.9 cents, or 0.1%, to $15.82 an ounce. Gold remained on track for a 0.3% weekly rise, while silver is headed for a 0.5% gain.

On Thursday, Gold dropped 1.5%, retreating from a 10-month high, with analysts tying the weakness to less-dovish-than-expected minutes from the Federal Reserve’s January meeting, which were released after Wednesday’s market close.

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