Gold futures settled lower on Friday for the first time in six sessions after a better-than-expected U.S. employment report buoyed the dollar and dulled some of the metal’s investment appeal.For the week, however, gold scored a gain as investors viewed the metal as a safer investment against a backdrop of worries over China’s economy and a recent plunge in its stock market.
February gold GCG6, -0.33% fell by $9.90, or 0.9%, to settle at $1,097.90 an ounce on Comex. The commodity saw a weekly climb of 3.6%, which was the largest since the week ended Aug. 21, 2015, according to FactSet data.
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