(MENAFN- ProactiveInvestors)
Gold futures settled lower on Friday putting an end to a seven-session stretch of gains that had lifted prices to their highest level in more than three weeks.
Prices rallied particularly strongly over the past two trading sessions as declines in global equities and turmoil in Yemen helped buoy safe-haven investment demand for the metal.
Gold for April delivery lost 0.4% to settle at US$1199.80 an ounce on the Comex.
For the week the yellow metal gained 1.3%.
In other metals trading May silver settled down 0.4% at US$17.069 an ounce leaving it with a weekly gain of 1.1%.
May copper dropped 1.6% to US$2.7675 a pound — up roughly 0.2% for the week.
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