Gold futures recovered after its last week slide to nine-day lows
Gold futures recovered after its last week slide to nine-day lows of
$436.10 an ounce, and won back 60 cents Friday to $439.70.
The most active April gold contract settled at $439.70 per
ounce on the Comex division of the New York Mercantile Exchange.
The early setback was caused by the U.S. dollar's overnight advance against the euro and other currencies, which sparked speculative profit-taking and bullion bank sales in dollar-alternatives such as gold.
Spot gold found support at $435.75 before ending the session around $439.70. Dealers said $435 and $432 should offer support, while resistance is expected