Gold futures closed lower on Friday
as mostly upbeat U.S. economic data provided a boost to the equities
market. There was "some profit taking and easing away from safe-haven
demand," said Jeffrey Wright, managing director at H.C. Wainwright.
April gold
GCJ4
-0.24%
fell $10.20, or 0.8%, for the session to settle at $1,321.60 an ounce
on Comex. The most-active contract finished the week with a 0.2% loss,
but gained 6.2% for the month, the second-monthly gain for prices in a
row.
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