Gold futures finished higher on Friday, kindled by the slide in dollar and on weakness in bond yield notes. Moreover, strong demand for safe-haven assets as markets continued to assess the policy outlook for the Federal Reserve and escalating geopolitical tensions also buoyed the yellow metal investments. The yellow metal for the most active contract gained about 2.5% for the week.
Gold futures for December delivery up by $53.8 or 2.16% to $2,546.2 per ounce on the Comex division of the New York Mercantile. While, spot gold climbed by $51.22 or 2.08% to settle at $2,508.01 an ounce.