Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures climbed Friday, with a decline in the U.S. dollar against other major currencies, rising gold demand and strength in oil prices helping the precious metal score a gain of almost $11 an ounce for the week. Gold for December delivery closed at $677.50 an ounce on the New York Mercantile Exchange Friday — the contract's highest closing level since August 15. It was up $9.10 for the session and ended the week $10.70, or 1.6%, higher.

"Gold's summer sleepy season is coming to an end with the coming of gold's time of seasonal strength and peak demand from India and the Middle East and the Christmas jewelry season in the western world," said Mark O'Byrne, director at GoldandSilverInvestments.com. See full story.