Gold prices settled Friday at a two-week low, with a weekly loss of 1.9% their worst in about a month. Strength in the U.S. dollar and equities, following the Senate’s approval of a budget proposal for the next fiscal year, put pressure on dollar-denominated prices for the precious metal. December gold fell $9.50, or 0.7%, to settle at $1,280.50 an ounce-the lowest since Oct. 6, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News