Gold futures closed higher on Friday to tally a weekly gain of 0.7% as the much-anticipated monthly report showed the U.S. created fewer jobs than expected last month. June gold GCM4 +1.38% tacked on $18.90, or 1.5%, to settle at $1,303.50 an ounce on the Comex division of the New York Mercantile Exchange. Prices, based on the most-active contracts, saw their highest close since March 25, according to FactSet data. Gold's rebound is partially "driven by expectations that U.S. interest rates may remain at these record low levels longer than anticipated as a result of continued soft patch in data. Click Here To Register For Free Trial Services
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