Gold Futures Post 2.0% Weekly Loss, Silver Dips 1.3%

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DG365FD46564GFH654FU898 Gold and silver futures advanced Friday amid weakness in the U.S. dollar, but nonetheless finished in negative territory for the week. COMEX gold futures, per the February 2012 contract, settled higher by a modest $3.40, or 0.2%, at $1,716.80 per ounce. For the week, however, the yellow metal slid 2.0% – marking its third decline in the past four weeks. Silver futures for February 2012 delivery on the COMEX climbed $0.71, or 2.3%, to $32.25 per ounce.