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Gold futures settle higher on stimulus hopes

19 Dec 2020 Evaluate
Gold futures settle higher on Friday, with the risk aversion amid surging covid infections around the globe and on inflation hedge appeal of the bullion in midst of US fiscal stimulus package hopes. The yellow metal for the most active contract marks third weekly gain in a row.

Gold futures for February delivery was up by $1.50 or 0.1% to settle at $1888.90 an ounce on the Comex division of the New York Mercantile. Spot gold jumped 1.2% to $1,885.76 per ounce.