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Jan. 22, 2021, 1:49 p.m. EST

Gold futures fall for the session, post a gain for the week

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    Gold Feb 2021 (GCG21)

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By Myra P. Saefong


Gold futures declined on Friday as the U.S. dollar saw modest strength. Prices posted a gain for the week, however, buoyed by expectations for further fiscal stimulus under the newly inaugurated President Joe Biden, which could weaken the dollar and lift dollar-denominated prices of gold. February gold /zigman2/quotes/210035429/delayed GCG21 -0.30% fell $9.70, or 0.5%, to settle at $1,856.20 an ounce. For the week, prices based on the most-active contract were up 1.4%, FactSet data show.

US : U.S.: Nymex
$ 1,799.00
-5.40 -0.30%
Volume: 17.00
Feb. 24, 2021 8:29a

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