Gold prices settled above $1,300 an ounce on
Friday, scoring their first gain in five sessions, with reports of
escalating violence in Ukraine and a call from Russia for an emergency
United Nations meeting fueled safe-haven demand for the metal.
Gold for June delivery
GCM4
+1.33%
jumped $19.50, or 1.5%, to settle at $1,302.90 an ounce on the Comex division of the New York Mercantile Exchange.
Prices had turned negative after the employment data, seesawed between
losses and gains, then rallied following news reports surrounding Russia
and Ukraine.
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