Gold futures ended above $1900 benchmark on Friday, whetted by the inflation hedge appeal of the bullion after the US inflation reported to have surged to a 13 year high, about 3.1% Year on Year. The yellow metal for the most active contract also registered a fourth straight weekly gain, about 1.5% for the week.
Gold futures for August jumped by 0.4% or $6.80 and settled at $1,905.30 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.3% to $1,902.27 per ounce.