Gold futures settled higher on Friday, as the risk aversion in the market amid woes over newly identified coronavirus variant buoyed the safe haven appeal of the bullion. However, bets on quicker hawkish stance by Federal Reserve pulled off the yellow metal for the most active contract to post a weekly drop of 3.6% , the worst weekly decline since June 18.
Gold futures for December climbed by 0.1% or $1.20 to settle at $1,785.50 an ounce on the