Gold futures ended modestly higher on Friday posting highest settlement in 4 weeks, whetted by the safe haven bullion investments with the surging covid cases and on rising inflation. Meanwhile, lack of cues on time line on curtailing monetary stimulus by Federal Reserve at Jackson Hole economic conference also lifted yellow metal investments. The yellow metal for the most active contract scored 2% gain in the week.
Gold futures for December rose by $24.30 or 1.4% to settle at $1,819.50 an ounce on the Comex division of the New York Mercantile. While, spot gold rose 1.4% to $1,817.21 per ounce.