Gold retreated Thursday after the European Central Bank failed to announce more stimulus but the yellow metal maintained its solid weekly gain to remain above the $1,200 level that many traders watch closely.Gold for February delivery GCG5, -0.40% fell $1 to settle at $1,207.70 an ounce. For the week, the contract is up 2.7%. March silver SIH5, -1.12% gained 16 cents, or 1%, to $16.58 an ounce. Silver is up 6.6% for the week, so far.
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