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

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DG365FD46564GFH654FU898 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 today’s rally, COMEX gold futures posted a weekly decline of $54.90, or 3.0%.