Gold futures finished modestly higher on Friday, kindled by the risk aversion in the market counting on softer US jobs data, and easing US bonds. Furthermore, ambiguity over global economic rebound amid the spread of contagious Omicron coronavirus variant also spurred safe haven appeal of the precious metal. The yellow metal for the most active contract rather posted a weekly decline of 0.1% .
Gold futures for December rose by 1.2% to settle at $1,785.29 an ounce on the Comex division of the New York Mercantile. While, spot gold was up by 0.9% to $1,764.00 per ounce.