Markets

Gold Rallies, Ends at Best Level in More than a Month: Report

Gold futures topped $1,750 on Friday to close at their highest in more than a month, bolstered by positive global data and as the U.S. dollar was under pressure, making investing in the yellow metal more appealing, MarketWatch reported.

Gold futures for December delivery added $23.20, or 1.3%, to $1,751.40 an ounce on the Comex division of the New York Mercantile Exchange. That was gold's highest settlement since Oct. 17, according to FactSet. On the week, the metal rose 2.1%.

Prices shot up as the trading day drew to a close, having started the holiday-abbreviated session with muted gains. Floor trading was closed Thursday for the Thanksgiving holiday, and most markets, including gold, settled earlier on Friday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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