SAN FRANCISCO (MarketWatch) -- Gold futures finished with a loss on Friday, as the possibility that the Federal Reserve could end its bond-buying run this year helped buoy the U.S.
dollar. February gold settled at $1,648.90 an ounce on the Comex division of the New York Mercantile Exchange, down $25.70, or 1.5%. Futures prices lost 0.4% for the holiday-shortened week. The minutes from the Federal Reserve Open Market Committee's December meeting released late Thursday "indicated some concern from a few voting members about continuing asset purchases," said Sonny Tahiliani, managing director of MacroMoves in New York. "The market had thought there was more agreement perhaps than there is."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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