Extending previous sessional gains, Gold futures settled higher on Friday and marked first weekly gain in 6 weeks, rose by 1.4% as dollar eased against its major rivals making the greenback denominated bullion cheaper for other currency holders.
Gold futures for August dipped by $14 or 0.8% to $1727.40 ounce on the Comex division of the New York Mercantile. While, spot gold was unchanged at $1,717 per ounce.