Metals Stocks: Gold ends higher on the dollar’s decline, but posts a modest loss for the week

Gold futures ended higher on Friday, as consolidation took hold and a leading dollar index, which typically moves inversely with the metal, declined, but prices for the metal still posted a slight loss for the week after getting clobbered a day earlier.

June gold GCM9, +0.05% rose $1.90, or 0.2%, to settle at $1,295.20 an ounce. The most-active contract lost about 40 cents an ounce from last Friday’s settlement. Prices finished Thursday at $1,293.30. That was the lowest finish and largest single-session loss for a most-active contract since March 28, according to FactSet data.

May silver SIK9, +0.49% rose 9.6 cents, or 0.7%, to $14.963 an ounce.

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