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Gold futures settle higher on Friday

07 Nov 2020 Evaluate
Gold futures settled higher on Friday, as the uncertainty over US election results amid bets over continued pandemic-led stimulus and dovish monetary policy boosted yellow metal investments. Moreover, softer dollar whetted the bullion buying. Gold for the most active contract registered biggest weekly gain in three months.

Gold futures for December delivery settled up at $4.90 at $1951.70 an ounce on the Comex division of the New York Mercantile. Spot gold rising rose 0.2% to $1,953.21 per ounce.