Metals Stocks: Gold climbs back above $1,300 to score a gain for the week

Gold futures climbed Friday, with the metal finding support in the wake of mass shootings at two mosques in New Zealand, as well as from a weaker tone for the U.S. dollar.

At least 49 people on Friday were killed at a pair of mass shootings at mosques in Christchurch, New Zealand.

The “New Zealand news is positively supporting gold,” said Chintan Karnani, chief market analyst at Insignia Consultants. “Brexit uncertainty is also supporting gold prices.” The British Parliament on Thursday voted to request an extension of the March 29 Brexit deadline.

In Friday dealings, gold for April delivery GCJ9, +0.53% on Comex rose $8.20, or 0.6%, to $1,303.30 an ounce, with prices poised for a weekly rise of 0.3%.

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