Gold futures fall for the session, gain for the week

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Gold futures fell Friday but notched a gain for the week. “Gold has enjoyed a decent week after looking very vulnerable early on,” said Craig Erlam, senior market analyst at Oanda, in a market update. “A bullish dollar breakout that appeared to be triggering a correction was very problematic for gold but the breakout has stalled quickly, aided by the [European Central Bank] opting to take a more considered approach than had been previously rumoured.” December gold fell $16.40, or 0.8%, to settle at $1,947.90 an ounce, paring its weekly rise to about 0.7%.
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