Gold futures end higher for the session, up over 1% for the week

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Gold futures finished higher on Friday, tallying a gain of more than 1% for the week. Prices had briefly fallen below the key $1,800 mark during the session, after data showed a bigger-than-expected monthly rise in U.S. jobs. The “surprisingly strong nonfarm payroll report sent expectations soaring that the [Federal Reserve’s] near-term tightening will be much more aggressive, said Edward Moya, senior market analyst at OANDA. April gold GCJ22, +0.26% rose $3.70, or 0.2%, to settle at $1,807.80 an ounce after tapping an intraday low at $1,792.10. For the week, prices based on the most-active contract rose 1.2%, FactSet data show.

This article was originally published by Marketwatch.com. Read the original article here.

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