Gold futures finished higher on Friday night, our time, recovering some of the losses from a four-session losing streak.
But the metal still suffered its worst weekly loss since November of last year.
New York analysts said gold rose because the greenback eased on Friday.
Gold took a hammering in the wake of the policy change from the US Fed on Wednesday, US time, which brought forward the chance of higher rates.
Comex April gold added $US5.50, or 0.4%, to settle at $US1,336 an ounce in New York.
Based on the most-active contracts, gold prices slid 3.1% on the previous week, the largest weekly loss since late November.
Comex May silver lost 12c, or 0.6%, to end at $20.31 an ounce on Friday (so much for the impact of the weaker dollar story!), down more than 5% for the week.
That was its biggest weekly loss since last September.
Gold is still up 11% this year (not even half the 28% fall in 2013). But that’s still better than many other investments – the S&P is up around 1%, but many other markets are negative for the year so far.
Comex May high-grade copper tacked on 2c, or 0.8%, to $2.95 a pound.
Prices closed around the same level a week ago, making last week a better week than in the past month or so.
Oil prices were mixed over the week, but Brent crude in London rose to just below $US107 a barrel as US sanctions against Russia, the world’s second-largest oil exporter, targeted a Russian-owned major oil trader and executives from some big oil and gas firms.
Brent crude rose 47c to settle at $US106.92 a barrel.
New York oil futures rose 56c, or 0.6%, to end at $US99.46 a barrel on Nymex.
That was up around 0.6% over the week.
