Gold futures finished sharply higher on Friday, marking an all-time high kindled by the safe haven appeal amidst ongoing US government shutdown and rising expectations of a dovish Federal Reserve. Additionally, softer dollar also supported third party investments. The yellow metal for the most active contract marked seventh straight weekly gain, climbing 1.55% for the week.
Gold futures for December delivery up by $40.80 or 1.05% to settle at $3,908.90 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $29.96 or 0.78% to $3,886.54 an ounce.