Gold futures finish with a weekly loss of 1%

Gold futures climbed on Friday as the dollar softened a day after jolting higher in the wake of a historic interest-rate hike by the Federal Reserve.

But prices still finished 1% lower for the week.

February gold GCG6, +0.45% gained $15.40, or 1.5%, to settle at $1,065 an ounce on Comex, a day after sinking to its lowest settlement since 2009 Thursday. But the yellow metal saw a weekly drop of 1%, its eighth weekly decline in the last nine.

“We still maintain our long term view is bullish for the yellow metal because there [are] just so many events which can derail the global growth and volatility could pick up immensely,” said Naeem Aslam, chief market analyst at AvaTrade.

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