Metals Stocks: Gold trades at highest in a year, boosted by bruised dollar and sinking Treasury yields

Gold continued its march higher Friday after striking a one-year closing high in the previous session as the dollar and U.S. Treasury yields skidded lower.

The yellow metal gained, and was on track for a roughly 1.7% weekly gain for the most-active futures contract, as continued strength in the euro pushed the buck toward its worst week in more than three months.

Early Friday, gold for December delivery GCZ7, +0.19% was up $7.30, or 0.5%, to $1,357.60 an ounce. It settled at $1,350.30 an ounce in Thursday’s rebound session. The settlement was highest since Sept. 6, 2016, for a most-active contract, according to FactSet data.

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