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Gold futures mark third consecutive weekly gain

Gold futures mark third consecutive weekly gain

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Gold futures rose Friday, finishing at their highest level in nearly a month and marking a third straight weekly gain as the U.S. dollar weakened, lifting the appeal of the dollar-denominated yellow metal. “Overall, it looks like the recent selloff in gold is over and it’s starting to turn back upward, while the U.S. dollar looks overextended and [is] peaking,” said Colin Cieszynski, chief market strategist at CMC Markets. December gold rose $7.30, or 0.6%, to settle at $1,276.80 an ounce. That was the highest finish since Oct. 3, according to FactSet data.

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