Gold futures declined on Friday, pressured by strength in the U.S. dollar and Treasury yields, but prices for the metal still ended the week with a gain. It seems that gold will continue to follow the bond market, which saw weakness after a “hotter-than-expected” U.S. producer price index reading, said Edward Moya, senior market analyst at Oanda. That led to a rise in bond yields, which trade inversely to bond prices. June gold
GCM21,
-0.87%
fell $13.40, or 0.8%, to settle at $1,744.80 an ounce on Comex. For the week, prices based on the most-active contract rose almost 1% from April 1, FactSet data show. That date marked the end of a holiday-shortened week.
