Gold Closes Lower and Turns to Weekly Losses

Gold prices declined on Friday as the U.S. Dollar (USD) continued to show some rebound signs across the board.

Gold futures for February delivery lost $26.30, or 1.4%, to close the week at the level of $1,825.10 per ounce.

The most active yellow metal contracts have registered a weekly decline of 0.5%.

Meanwhile, silver futures for March delivery declined by $1.11, or 4.3%, to end at $24.695 per ounce, rising marginally by 0.1% for the week.