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Gold futures settle above $1,300 on fresh trade tensions

Xinhua | Updated: 2019-06-01 08:58

An employee displays Year of the Pig gold bars at a jewelry shop in Suzhou, Jiangsu province. [Photo/for China Daily]

CHICAGO - Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday, posting their highest finish in over seven weeks, as investors turned to safe-haven buying amid trade tensions between the United States and Mexico.

The most active gold contract for August delivery went up $18.7, or 1.45 percent, to settle at $1,311.1 per ounce.

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