Gold prices wrap up 2017 near highest level in three months

Gold futures jumped on Friday, booking their seventh-straight positive session, and retaking a level above $1,300 for the first time in about three months. February gold closed up $12.10, or 0.9%, at $1,309.30 an ounce, reaching its highest level since Sept. 25, according to FactSet data. The yellow metal enjoyed a nearly 14% gain in 2017, with a nearly 2% gain for the quarter and a 2.5% rise in December. The gains come as the broader metals complex rises amid weakness in the U.S. dollar, which most commodities are priced in. On Friday, the ICE U.S. Dollar Index , which measures the buck against six rival currencies, was down 0.5% at 92.17, after sinking 1.3% in 2017.

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