NEW YORK (MarketWatch) -- Gold prices rose on Friday and ended the week with a modest gain, as a fresh increase in commodities prices rekindled investor interest in the metal as a hedge against inflation.
Limiting gold's gains, the U.S. dollar rose against most of its major rivals, putting downward pressure on dollar-denominated gold prices.
On the Comex division of the New York Mercantile Exchange, August gold rose $2.10, or 0.2%, to $937.50 an ounce. It rose as high as $939.80 and fell as low as $931.60 during the session. Gold rose 2.7% in the week.
