Gold futures settled higher on Friday, boosted by the ease in dollar value against its peers and on dip in US Treasury bond yield notes followed by cooling US inflation gauge. Moreover, safe haven appeal amid woes over a potential recession also lifted the yellow metal rates. However, Gold for the most active contract posted weekly loss of 0.3%.
Gold futures for August delivery rose by $14.70 or 0.75% settle at $1999.90 ounce on the Comex division of the New York Mercantile. While, spot gold jumped by $13.49 or 0.69% at $ 1,959.49 per ounce.