Gold recovers 1% to settle above $1300
SAN FRANCISCO (MarketWatch) -- Gold futures recovered from a three-day losing streak to close above $1,300 on Friday. August gold (CNS:GCQ4) rose $12.50, or 1%, for the session to settle at $1,303.30 an ounce on the Comex division of the New York Mercantile Exchange. The precious metal is down 0.5% for the week after having closed below $1,300-mark on Thursday, the first time in a month.