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Jan. 28, 2022, 2:03 p.m. EST

Gold futures mark worst weekly performance since November

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By Myra P. Saefong

Gold prices fell on Friday, pressured by overall strength in the U.S. dollar after the Federal Reserve this week indicated that it may hike interest rates as soon as March. The loss contributed to 2.5% decline for the week, based on the most-active contracts. That was the worst weekly percentage decline since the period ending Nov. 26, according to FactSet data. The April gold contract lost $8.40, or 0.5%, to settle at $1,786.60 an ounce, the lowest finish since mid-December.

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