Gold futures settled higher on Friday, due to risk aversion in the market amid ambiguity over global recession with the hawkish Federal Reserve. However, the yellow metal for the most active contract logged loss for the week 0.6%, with the strength in dollar and bond yield notes.
Gold futures for December jumped by $12.40 or 0.07% to settle at $1800.20 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $16.23 or 0.91% or $1,793.08 per ounce.