Gold futures climbed on Friday as a selloff in global stock markets drew investors to the perceived safety of the precious metal.Gold for June delivery GCM5, +0.44% rose $5.80, or 0.5%, to $1,203.80 an ounce on Comex, paring the commodity’s weekly price drop to roughly 0.1%.
Meanwhile, May silver SIK5, -0.36% edged down by 2.9 cents, or 0.2%, to $16.255 an ounce, as the contract eyed a weekly decline of 0.7%.
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