Gold for December delivery GCZ4, -0.22% shed $2.20, or 0.2%, to settle at $1,239 an ounce with all three major stock indexes in positive territory. The contract gained for the second week in a row, adding 1.4%.
“Shored up by economic concerns on the part of market participants, gold is holding its own at around $1,240 per troy ounce as the week draws to a close,” said Commerzbank analysts in a note Friday.
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