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Gold prices end slightly lower for the day, but gain for the week

Gold prices settled with a modest loss on Friday, protecting above the important thing $1,300 an oz as uncertainty surrounding geopolitical dangers tied to North Korea helped to offset pressure from a stronger U.S. dollar. The agreement above $1,300 "may indicate the worst of the selling is over," said Mark O'Byrne, analysis director at GoldCore. "Despite the short term technical risks, the medium and long term outlook remains bullish. Elevated geopolitical risk should see safe haven demand remain robust." June gold GCM8, -Zero.25% fell 70 cents, or less than Zero.1%, to settle at $1,303.70 an oz. It rose more or less 1% for the week.

Read the full tale: Gold ends lower, but holds above key $1,300 level to e book a weekly gain