Gold Futures Gain 4.2% For The Week

By Myra P. SaefongMarketWatch Pulse

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.

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