Gold futures closed modestly lower on Friday, in shortened trade following the Thanksgiving holiday Thursday. December gold settled down $4.90, or 0.4%, at $1,287.30 an ounce. After an up-and-down week, the yellow metal logged a roughly 0.7% weekly decline, marking its first weekly decline in three weeks, according to FactSet data. The exchange-traded SPDR Gold Trust , meanwhile, slipped 0.2%. Metals markets settled at 12:30 p.m. Eastern on Black Friday.
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