CHICAGO, Oct. 25 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange finished higher Friday to score a gain of almost 3 percent for the week.
The most active gold contract for December delivery rose 2.2 dollars, or 0.16 percent, to settle at 1,352.5 dollars per ounce. Gold futures prices scored a gain of 2.9 percent for the week and gained 3.7 percent last week, according to FactSet data.
Market analysts say a fall in the U.S. consumer sentiment and growing expectations that the U.S. Federal Reserve won't taper its monetary-stimulus program soon helped to provide underlying support to the trading on the day.
The final October reading of the University of Michigan/Thomson Reuters consumer sentiment index hit 73.2, the lowest since December, down from a final September reading of 77.5, according to data released Friday. Also, the downbeat economic data raise the likelihood that the U.S. Fed will continue holding back on a decision to taper its monetary stimulus program.
Silver for December delivery fell 18.3 cents, or 0.80 percent, to close at 22.639 dollars per ounce.