CHICAGO, July 9 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange bounced off and eked out a 0.2 percent gain for the week, supported by renewed risk aversion and short-covering. Silver and platinum both advanced.
The most active gold contract for August delivery climbed 13.7 dollars, or 1.1 percent, to finish at 1,209.8 U.S. dollars.
Euro ended a 3-day rally against dollar on Friday, as investors remained cautious about the near-term economic outlook, and took profits ahead of the weekend. Gold jumped above 1,200 dollars per ounce, benefited from the a resurgence of global demand for tangible assets and its safe-haven appeal.
Gold price lost nearly 4.0 percent last week, closed below 1, 200 dollars per ounce for last three sessions, and the metal touched 1,185 dollars on Wednesday, the lowest level for the most- active contract since May 24. The lower price have attracted some buyers to come back to gold market Friday, short-covering and rising physical demand of gold have offered the major support to gold.
September silver was up 20.1 cents, or 1.1 percent, to settle at 18.073 dollars per ounce, October platinum rose 16.8 dollars, or 1.1 percent, to settle at 1,533.2 dollars per ounce.