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.
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.
Crude oil falls again, loses 4.2% for week
Crude-oil futures fell Friday, erasing earlier gains, and pushing down prices for the week for the fifth straight time.
New York Mercantile Exchange-traded February crude CLG5, -1.25% settled $1.11, or 2%, lower at $54.73 a barrel, its second-lowest settlement of the year, after one hit last week. It fell 4.2% over the week, its fifth consecutive weekly drop, and has plunged more than 28% in that time, the biggest such drop in six years.
New York Mercantile Exchange-traded February crude CLG5, -1.25% settled $1.11, or 2%, lower at $54.73 a barrel, its second-lowest settlement of the year, after one hit last week. It fell 4.2% over the week, its fifth consecutive weekly drop, and has plunged more than 28% in that time, the biggest such drop in six years.
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