Gold futures end higher for 7th session on inflation fears


Gold futures settled higher on Friday for their seventh straight session and second consecutive weekly gain. “Inflation is a very real fear, and the price of gold is reflecting this,” said Adam Koos, president at Libertas Wealth Management Group. Still, gold prices may “fluctuate with headlines related to economic reports and the real threat of inflation” through the end of the year. December gold GCZ21, +0.20% rose $4.60, or nearly 0.3%, to settle at $1,868.50 an ounce, the highest most-active contract finish since June 11, with prices up about 2.8% for the week, according to FactSet data.

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