Gold Futures Have Their Best Week Since Mid-December 2008

By Myra P. SaefongMarketWatch Pulse

Gold futures settled lower on Friday, pulling back after rallying to a one-year high a day earlier. For the week, however, prices for the metal jumped about 7.1% to score their best percentage gain since the week ended Dec. 12, 2008 as a rout in global equities helped to buoy investment interest in gold. April gold settled at $1,239.40 an ounce, down $8.40, or 0.7%, for the session.

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