NEW YORK ( TheStreet ) -- Gold prices settled marginally lower Friday as investors showed caution ahead of a holiday weekend and the fate of a second Greek bailout remained uncertain. Gold for April delivery ended down $2.40 to $1,725.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,737.50 and as low as $1,718.60 an ounce, while the spot price was down $4.60, according to Kitco's gold index. Silver prices settled 15 cents lower at $33.216 an ounce while the U.S. dollar index was essentially flat at $79.318.
Investors are keeping a close eye on Greece, with many growing increasingly confident that the country will be able to secure a new bailout package before a meeting of eurozone finance ministers on Monday, averting a disorderly default that could rock the financial markets. "Early buyers met sellers as the day wore on," said George Gero, senior vice president with RBC Wealth Management. "It's a long weekend upcoming, and traders are reluctant to risk large capital for new positions in case, once again, eurozone headlines disappoint investors." Gold mining stocks were mostly lower Friday. Barrick Gold ( ABX) was falling 2.3% at $47.04. Barrick reported fourth quarter earnings on Thursday of $1.17 a share, which was below expectations, on revenue of $3.79 billion which beat estimates. The biggest gold miner in the world produced 1.81 million ounces at cash costs of $505 an ounce and expects to produce between 7.3 and 7.8 million ounces in 2012 for $520-$560 an ounce. Barrick is trying to grow production 20% in five years from 7.5 million to 9 million ounces. Other gold stocks, Goldcorp ( GG) was falling 0.74% to $47.07. Randgold Resources ( GOLD) was 0.2% lower at $111.08. and Eldorado Gold ( EGO) was down 0.7% at $13.52. -- Written by Ross Tucker in New York. >To contact the writer of this article, click here: Ross Tucker. >To follow the writer on Twitter, go to http://twitter.com/rosstucker. >To submit a news tip, send an email to: firstname.lastname@example.org.