Gold futures end modestly higher for the session, posting a gain for the week

Gold futures ended with a modest gain on Friday, to tally a climb of about 0.4% for the week. Prices for the precious metal, which is often used as a hedge against inflation, rose after a reading on the cost of goods and services showed a sharp rise for August and left the rate of U.S. inflation at a 30-year high. December gold rose $1.40, or nearly 0.1%, to settle at $1,758.40 an ounce. Prices, based on the most-active contract, settled at $1,751.70 a week ago, FactSet data show. Gold futures posted a loss of 3.4% for September. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Gold futures end modestly higher for the session, posting a gain for the week
Gold futures ended with a modest gain on Friday, to tally a climb of about 0.4% for the week. Prices for the precious metal, which is often used as a hedge against inflation, rose after a reading on the cost of goods and services showed a sharp rise for August and left the rate of U.S. inflation at a 30-year high. December gold rose $1.40, or nearly 0.1%, to settle at $1,758.40 an ounce. Prices, based on the most-active contract, settled at $1,751.70 a week ago, FactSet data show. Gold futures posted a loss of 3.4% for September. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.