Gold finishes holiday week with a small loss

Gold prices finished a holiday-shortened week down three-hundreths of a percentage point as gains Friday failed to outweigh heavy losses earlier in the week.

Gold for February delivery GCG5, +1.93%  surged $22.10, or 1.88%, to $1,196.30 an ounce on the New York Mercantile Exchange Friday, but remained down 0.04% for the week after a big selloff on Monday. Silver for March delivery SIH5, +2.39%  gained 43 cents, or 2.7%, to $16.14 an ounce.