Gold futures posted a modest loss Friday, extending weekly losses as upbeat US economic data fueled expectations for a Federal Reserve rate hike.
The Fed meets next week in Washington, so trading was relatively quiet this week in anticipation of tightening.
U.S. producer prices rose a seasonally adjusted 0.3% in November. This was the fastest pace of wholesale inflation since June.
Meanwhile, retail sales strong in November, confirming that US shoppers were in the mood to spend during the pivotal holiday season.
February gold settled at $1,075.70 an ounce on Comex, down $3.70, or 0.4%, for the session. Prices were down 0.8 percent this week, having recently dropped to a 5-year low near $1050.
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