Gold prices end slightly higher, tally third-weekly gain in a row

Gold prices finished slightly higher Friday, ending at a fresh one-year high and scoring a third-weekly gain in a row. A decline in the dollar, with the ICE U.S. Dollar Index losing 1.6% this week, provided a boost for dollar-denominated gold. The metal also found support amid uncertainty surrounding U.S. tensions with North Korea and the economic impact from the Atlantic hurricane season. December gold added 90 cents, or less than 0.1%, to settle at $1,351.20 an ounce. It was up about 1.6% for the week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply