Gold Continues To Rise

Comex gold futures extended Thursday's surge, closing $1 higher Friday as fund players continued to unwind previously placed short gold/long silver trades ahead of the weekend, Dow Jones reported.

The most-active August gold contract settled $1 higher at $425.80 per ounce on the Comex division of the NYMEX.

August gold got off to a firm start and stretched to three-week highs of $427
within the opening minutes after weaker-than-expected U.S. payrolls data prompted the U.S. dollar unexpected selloff.