Gold futures settle at a 3-week high, up 1% for the week

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Gold futures settled Friday at their highest in three weeks, up roughly 1% for the week. U.S. “stimulus will happen sooner or later and that is good news for gold prices,” said Edward Moya, senior market analyst at Oanda. “Gold has stabilized and the path higher should be much easier for the rest of the year.” December gold rose $31.10, or 1.6%, to settle at $1,926.20 an ounce. That was the highest finish for a most-active contract since Sept. 18, according to FactSet data.
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