US gold futures on Friday rose slightly, consolidating the gains made last week
US gold futures on Friday rose slightly, consolidating the gains made last week and setting the stage for further probes higher next week.
The most-active June gold contract climbed $1.20 higher to $435.60 per ounce at Comex division of the NYMEX.
June gold held within a $2 band between $435 and $437 throughout Friday's
session, capped to the upside by end-week profit takers but propped up at lower levels by bargain hunters.
The U.S. dollar will remain the guiding factor behind trading decisions, and
dealers said close attention will be paid to the raft of economic data set for
release over the coming week for hints on currency-investor intentions. Among
the major items set for release are U.S. housing starts, jobless claims and
durable goods sales.