Gold scores best weekly gain since 2008 financial crisis

Gold futures settled lower on Friday as equities regained a bid following a brutal week, but the precious commodity still scored its best weekly percentage advance since late 2008, sparked by a rush to haven assets.

April gold GCJ6, -2.02% settled at $1,239.40 an ounce, down $8.40, or 0.7%, for the session. For the week, however, it jumped by about 7.1%—its best since the week ended Dec. 12, 2008, when it saw a 9.1% weekly climb, according to FactSet data.

Gold has climbed nearly 17% so far this year amid global market turmoil, compared with a decline of 9% for the S&P 500 SPX, +1.95%  and a year-to-date drop of 8.7% for the Dow Jones Industrial Average DJIA, +2.00%

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