Gold Edges Higher For The Session, Falls For The Week

Gold edged higher Friday, rebounding a bit from the three-week low it reached a day earlier. Prices still finished the week with a loss of more than 1% in the wake of the U.S. Federal Reserve's decision Wednesday to increase interest rates, as expected. August gold rose $1.90, or 0.2%, to settle at $1,256.50 an ounce. The metal tallied its second-weekly decline in a row.