Gold futures settled higher on Friday, marking slight gain of 30 cents compared to the previous week settlement for the most-active contract. The yellow metal gained momentum with the safe haven investments as the debt woes of real estate giant Evergrande extended beyond China.
Gold futures for December rose by $1.90 or 0.1% to settle at $1751.70 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.9% to $1,751.56 per ounce.