Gold futures settled lower on Friday as traders continued to watch developments in the Russia-Ukraine war and assessed the largely hawkish comments from Federal Reserve officials this week. “Gold prices have recovered some of their mojo this week, although we still remain well below the highs of this month,” said Michael Hewson, chief market analyst at CMC Markets UK. The continued rise in U.S. Treasury yields “hasn’t prevented gold rebounding this week, however it could dim the appeal of a retest of this month’s peaks.” April gold declined by $8, or 0.4%, to settle at $1,954.20 an ounce. For the week, prices based on the most-active contract rose 1.3%, FactSet data show.
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