Gold futures rose Friday, with bargain hunters and short covering leading the precious metal to its first gain in three sessions, MarketWatch reported.
Gold for February delivery advanced $14.20, or 0.9%, to settle at $1,660.10 an ounce on the Comex division of the New York Mercantile Exchange.
But Friday's gain wasn't enough to stave off a weekly loss, leaving the contract down 2.2%.
Gold on Friday found a modest safe-haven bid after House Republicans canceled a vote to raise taxes on top U.S. earners, a move that stoked worries that talks to avert the so-called fiscal cliff will fail.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
