Gold futures lost ground Friday, leaving the yellow metal on track for a weekly loss as investors awaited next week’s Federal Open Market Committee and looked to the U.S. dollar for near-term directional cues.Gold for June delivery on Comex GCM5, -1.21% fell $17.70, or 1.5%, to $1,176.60 an ounce. Tracking the most-active contracts, gold is on track for a roughly 2.2% weekly decline and they haven’t closed under $1,180 since March 19, according to FactSet data.
May silver SIK5, -0.72% lost 15.9 cents, or 1%, to $15.675 an ounce, trading around 3.4% lower for the week.
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