Gold Limits Weekly Decline to 3%

Gold prices rose on Friday, recovering some of its losses earlier in the week that saw the announcement of the success of a new Coronavirus vaccine being developed by Pfizer and BioNTech.

Gold futures for December delivery rose by $12.90, or 0.7%, and settled at $1,886.20 per ounce.

For the week, the yellow metal recorded a weekly loss of more than 3%.