Gold prices end higher to build a modest gain for the week

Gold futures finished higher on Friday, contributing to a modest gain for the week. A pullback in the U.S. dollar helped gold regain lost ground, analysts said, even as Federal Reserve Governor Christopher Waller on Friday said the Fed may have to raise its benchmark interest rate well above 4% if inflation does not moderate or rises further this year. December gold GCZ22, +0.43% rose $8.40, or 0.5%, to settle at $1,728.60 an ounce on Comex. Prices for the most-active contract edged up by nearly 0.4% for the week, according to Dow Jones Market Data.