Gold futures gain 4.2% for the week
Gold futures on Friday logged a 4.2% gain for the week, their biggest weekly gain since January. Prices for the metal rallied as "equity markets continue to spook investors," said Adam Koos, president of Libertas Wealth Management Group. Dec. gold climbed $6.40, or 0.6%, to settle at $1,159.60 an ounce on Comex. That was the highest settlement for a most-active contract since July 8.
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.