Gold futures settled near two and half month high rate on Friday kindled by the risk aversion after downbeat US labour data for August month dulled prospects for a quicker roll back of accommodations by the Federal Reserve . Weaker dollar also made greenback denominated bullion cheaper for other currency holders, buoying it further. Yellow metal for the most active contract has posted fourth straight weekly gain, with 0.8% rise for the week.
Gold futures for December rose by $22.20 or 1.2% to settle at $1,833.70 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.1% at $1,812.55 per ounce.