Gold ends the week with a 2.5% gain

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Gold futures settled with a loss on Friday, but tallied a gain of about 2.5% for the week following a decline in the U.S. dollar. “With the end of the pandemic in sight, the U.S. dollar is behaving less like a safe-haven asset, and the currency is weakening, adjusting to its own fundamentals, suggesting strong support for gold,” said Jason Teed, co-portfolio manager of the Advisors Preferred Gold Bullion Strategy Fund. February gold fell $1.50, or nearly 0.1%, to settle at $1,888.90 an ounce. The metal’s latest move followed a climb Thursday to its highest prices since early November.
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