Gold prices bounced back from earlier losses on Friday to finish modestly higher. The precious metal stretched its streak of gains to an eleventh session and tallied a weekly gain of roughly 1% as some downbeat U.S. economic data helped feed expectations for a slower Federal Reserve interest-rate hike policy. February gold rose 70 cents, or less than 0.1%, to settle at $1,322.30 an ounce, marking another finish at the highest level since mid-September. The weekly gain was also gold’s fourth such rise in a row.
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