Do you know how much New York gold price added for the week?
New York (Aug 23) Gold futures settled at a more than six-week high on Friday to score their biggest weekly gain since January as a slump in equities and a drop in the U.S. dollar buoyed the metal’s investment appeal.
Gold futures for December delivery climbed 0.6% to settle at US$1,159.60 an ounce on the Comex.
Tracking the most-active contracts, prices climbed 4.2% for the week, their largest weekly gain since the week ended January 16.
The yellow metal settled at its highest level since July 8 as U.S. stocks sank and the U.S. dollar tumbled.
Investors have been weighing the prospects of a September Fed interest-rate hike.