Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures closed higher Friday, underpinned by a rally in crude-oil prices and concerns about inflation, but prices finished lower for the week, month and quarter as traders continued to gauge investment demand for the metal.

Gold for August delivery gained 50 cents to close at $650.90 an ounce on the New York Mercantile Exchange. The contract gained $5.60 on Thursday. See full story.