Gold futures declined on Friday, paring their gain for the week in which prices touched their highest levels in 19 months. “Gold tumbled as risk appetite roared back after Russian President [Vladimir] Putin noted there are certain positive shifts in talks with Ukraine,” said Edward Moya, senior market analyst at OANDA. “Growth concerns, however, will not be going away anytime soon, and gold’s pullback here should be limited,” he said. “The bull case remains given inflationary pressures will continue to drive growth concerns and an immediate de-escalation in the war in Ukraine still seems unlikely.” April gold fell $15.40, or 0.8%, to settle at $1,985 an ounce. For the week, prices based on the most-active contract, gained 0.9%, FactSet data show.
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