CHICAGO, April 5 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange settled higher on Friday, mostly as investors turned to technical buying after the precious metal fell for two straight sessions.
The most active gold contract for June delivery went up 1.3 U.S. dollars, or 0.10 percent, to settle at 1,295.60 U.S. dollars per ounce.
However, gold market booked a weekly loss as investors mostly favored assets perceived as risky, like stocks, over safe plays.
The rise of gold futures were partly offset by a stronger U.S. dollar during the session. The U.S. dollar index, which measures the buck against six rivals, went up 0.13 percent to 97.43 as of 1730 GMT.
Gold usually moves in opposite directions with the dollar, which means if the dollar goes strong, gold futures will fall as gold, priced in dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for May delivery was up 0.02 cent, or 0.01 percent, to settle at 15.086 dollars per ounce. Platinum for July delivery added 0.90 dollars, or 0.10 percent, to close at 905.40 dollars per ounce. Enditem