Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures climbed Friday, closing at their highest level in nearly three weeks to log a second-winning session in a row, as traders ignored strength in the U.S. dollar in the wake of a better-than-expected employment report to take advantage of the more than 3% loss in the metal's prices last month.

"The smart money is positioning itself for the next significant move up in gold … in these long-term secular bull markets," said Mark O'Byrne, managing director of Gold and Silver Investments Ltd. See full story.