Gold futures end higher on Friday, marks second straight weekly gain15-May-2021 10:21 Hrs IST
Gold futures ended higher for second straight session on Friday as the unexpectedly muted US retail data weighed down the dollar and US treasury yields, bolstering the yellow metal investments. The dollar index shed 0.4%, making bullion cheaper for those holding other currencies. Gold for the most active contract marked second consecutive weekly gain, of about 0.4% registering highest weekly gain since February. Gold futures for June climbed by 0.8% or $14.10 to settle at $1,838.10 an ounce on the Comex division of the New York Mercantile. While, spot gold rose 0.6% to $1,838.05 per ounce.