Gold settles at record to close out week, notches best monthly gain since 2016

/ / News

Gold futures on Friday finished at a record and notched gains for the month and week as appetite for bullion persisted as concerns grew about the outlook for the economy and the market amid the COVID-19 pandemic. December gold , which is now the most-active contract, settled at $1,985.90 an ounce Friday, up 1%, or $19.10. For the month, gold climbed by about 10.3%, marking its best month since February of 2016, while it also notched a nearly 4.8% weekly gain, representing the best weekly gain since last week, according to Dow Jones Market Data. 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.