Daily Gold Update

Source: Marketwatch

New York— Gold futures finished the session up almost 1% Friday, and gained almost 2% on the week, receiving a lift as the dollar weakened and on news that Vietnam lifted a ban on imports of the precious metal. The dollar came under renewed pressure Friday as upbeat earnings news from Walt Disney Co. helped offset a weak reading on U.S. consumer sentiment, lifting stocks on Wall Street.

Gold for December delivery rose 10 cents, or 1%, to $1,116.60 an ounce on the New York Mercantile Exchange. The contract is up about 2% so far this week. Gold earlier slipped below $1,105 an ounce on the heels of the Reuters/University of Michigan index, which showed consumer sentiment earlier this month fell to 66.0, missing expectations for a rise to 71.8. The index has now fallen for two months. See full story.