Gold futures end with a loss, turn lower for the week

Gold futures fell on Friday, ending the week with a loss for the first time in four weeks. “What we’ve seen this year is a bid for gold put in early on,” especially through the month of February as the threat of invasion ramped up, said Adam Koos, president at Libertas Wealth Management Group. Now that the Russian invasion of Ukraine has taken place, “we have a ‘buy the news, sell the invasion’ theme playing out in the metals market.” April gold GCJ22, -1.88% fell $38.70, or 2%, to settle at $1,887.60 an ounce. Prices based on the most-active contract lost 0.6% for the week, according to FactSet data.

Source: Marketwatch

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