Gold futures fall for a third straight week

A rally in U.S. equities and comments from Federal Chairwoman Janet Yellen helped dull gold’s appeal, pulling prices modestly lower for the session and raising the weekly loss to 0.5%.

Gold prices seesawed for part of the session and found some support from a weaker U.S. dollar as concerns over China’s economy persisted and prospects for a definitive agreement this weekend between Greece and its international creditors grew.

August gold GCQ5, +0.25%  shed $1.30, or 0.1%, to settle at $1,157.90 an ounce on Comex. Tracking the most-active contracts, prices lost about 0.5% for the week, for a third straight weekly loss. Month to date, they declined roughly 1.1%.

September silver SIU5, +0.19%  tacked on 12 cents, or 0.8%, to $15.481 an ounce. Silver fell 0.5% for the week.

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