Gold loses 1% on week, stays above $1,150

Gold futures held their ground above $1,150 an ounce on Friday, finding some support as economic data cooled expectations for a Federal Reserve interest-rate increase as early as June, but prices lost 1% for the week, pressured by gains in the U.S. dollar.

Gold wavered between small losses and gains. April gold GCJ5, +0.56% climbed 50 cents to settle at $1,152.40 an ounce on Comex. For the week, it logged a loss of about 1%.