MW: Gold falls for first day in three, heading for weekly gain
Gold futures fell Friday as some investors sold the metal to pocket profit after it rallied more than $40 in the previous two sessions. Gold for April delivery was last down $10, or 1%, at $948.80 an ounce in early North American electronic trading. Despite the loss, the benchmark contract is set to end the week up about 2%. It had rallied $42, or 4.6%, in the previous two sessions after the Federal Reserve announced its plan to buy $300 billion long-term Treasurys.
