RTTNews - Gold finished slightly higher on Friday, boosted by inflation concerns. With the gains, gold remained near the 2 1/2 week high reached earlier in the week.
August gold finished at $937.50 per barrel, up $2.10 on the session. Prices reached as high as $939.80 and as low as $931.60.
Prices rallied $24.90 earlier in the week. Gold reached as high as $942.30 earlier in the week and closed as high as $939.90.
The dollar was little changed with the euro, moving near 1.4100 in the late afternoon. The buck was modestly higher versus the pound.
Crude oil prices provided a boost to commodities, rising above $63 a barrel. Light sweet crude jumped $1.54 to close at $63.56 per barrel.
On the economic front, the U.S. Commerce Department revealed that housing starts rose 3.6 percent to an annual rate of 582,000 units in June from a revised pace of 562,000 units in the previous month. Economists were expecting the figure to remain relatively stable with the pace of 532,000 units that was originally reported for May.
On Monday, leading indicators data for June is due at 10 a.m. ET. An increase of 0.5% is forecast, compared to a rise of 1.25% in the month of May.
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