Gold ends higher, rings up biggest weekly gain in 3 weeks

Gold futures finished higher Friday, capping the biggest weekly gain in three weeks as worries about the global economy and expectations for lackluster corporate earnings supported bids for the yellow metal.

June gold GCM6, +0.59%  closed up $6.30, or 0.5%, to $1,243.80 an ounce Friday for a weekly gain of about 1.7%. May silver SIK6, +0.43%  rose 22.6 cents, or 1.5%, to $15.384 an ounce. The gray metal scored a roughly 2% gain for the week, marking its biggest weekly rise since March 4.

The SPDR Gold Trust GLD, -0.15% was little changed, rising 1.4% for the week.

The ICE U.S. dollar index DXY, -0.08% a broad measure of the buck against major currencies, was modestly lower, off 0.2% and set to finish the week off 0.4%, providing a path for the dollar-denominated asset to rise. A weaker dollar makes assets priced in the currency more attractive to investors using other currencies.

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