Gold Futures Settle Higher For The Day And Week

Gold futures on Friday settled higher for the first time in three sessions, scoring a gain of more than 1% for the week following a decent monthly U.S. jobs report. "Trading in gold has been very choppy over the past 6 weeks with futures trading in a tight range between $1,180 and $1,210 as the outlook for [Federal Reserve] policy has become even more cloudy than it already was," said Tyler Richey, an analyst for the 7:00's Report. June gold added $6.70, or 0.6%, to settle at $1,188.90 an ounce on Comex, up 1.2% for the week.