Gold Futures Snap 7-Week Win Streak Despite Friday’s Gains

Gold futures rallied Friday, with the COMEX December contract settling higher
by $34.10, or 1.9%, at $1,797.30 per ounce. However, the yellow metal extended
its gains significantly in electronic trading later this afternoon, by $68.80 to
$1,832.00 per ounce. Despite todays rally, COMEX gold futures posted a weekly
decline of $54.90, or 3.0%.