Gold futures settled near a five-and-a-half week low on Friday, with expectations that the U.S. Federal Reserve will soon lift interest rates helping to send prices down for a fifth straight week.August gold GCQ5, +0.40% declined by $8.60, or 0.8%, to settle at $1,085.50 an ounce on Comex. Prices, which settled higher Thursday for the first time in 11 sessions, lost about 4.1% for the week. Friday’s settlement was the lowest for a most-active contract since February 2010.
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