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Gold prices finished lower on Friday amid worries over Dubai's credit woes, but moved well off the lows of the session.
December gold finished at $1,174.20 per ounce, down $12.80 on the session. Prices earlier fell as low as $1,130.10.
Despite the drop, the metal finished the week up $28.80 per ounce.
The metal improved off its lows as the U.S. dollar gave back some of its recent gains versus the euro. The greenback had moved to a weekly high as traders fled riskier curencies.
The greenback had rallied after Dubai asked to postpone payments on US$60 billion in debt until May.
Amid the lack of major economic data, traders looked ahead to next week. Chicago PMI data is expected at 9:45 a.m. ET on Monday. A reading of 54.2 was reported last week.
Key reports are due later in the week, headlined by the big jobs report on Friday.
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