Gold Logs Highest Settlement Since Early June, Up 0.5% For The Week

By Myra P. Saefong Markets MarketWatch Pulse

Gold prices climbed Friday, finding support as the U.S. dollar dropped to a three-week low after U.S. Federal Reserve Chairwoman failed to discuss monetary policy at the Jackson Hole, Wyo. symposium. December gold added $5.90, or 0.5%, to settle at $1,297.90 an ounce. That was the highest finish for a most-active contract since June 5, according to FactSet data.

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