Gold futures suffer second straight weekly loss
San Francisco (May 20) Gold futures fell on Friday, posting a loss of about 1.6% for the week, on concerns that the US Federal Reserve may raise interest rates at its meeting next month. Higher rates can boost the dollar and weigh on dollar-denominated prices for gold. June gold GCM6, -0.09% fell $1.90, or 0.2%, to settle at $1,252.90 an ounce on Friday. The settlement was the lowest since April 27.