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CHIEF GLOBAL MARKET STRATEGIST
At the time of writing this report, Gold futures gained 0.51% at $1,871/ounce.
The Dow Jones Industrial Average surged by 1.13%, while the NASDAQ Composite index gained 1.25%, and also S&P 500 index ticked up by 1.29%.
U.S. Dollar Index traded at 90.427 points hitting its lowest level since April 2018,
U.S. WTI crude futures dropped 0.6%, to trade at $46.63 a barrel while Brent crude slumped by 0.68%, to $49.96 a barrel.
Dow futures gained about 180 points. S&P 500 futures and Nasdaq 100 futures gained 0.55% and 0.45%, respectively.
Oil prices have rallied for six consecutive weeks, their longest streak of gains since June.
At about 6.30 am, WAT (West African Time) Gold Futures traded at $1,841/ounce showing a gain of 0.20%.
Crude oil prices dipped due to oil traders being jittery over rising global cases of COVID-19, despite hopes of effective vaccines.
Gold futures contract gained about 3% W/W, as it turned out to be the yellow metal's best week since the week ended October 30.
The Dow DJIA gained 0.8% to close near 30,218 points, while the S&P 500 SPX +0.88% advanced 0.9%, to finish near 3,699 points,
Brent crude futures gained over 1%, as it was within striking distance of hitting the $50/barrel price mark after gaining around 1% on Thursday.
Gold futures prices dropped 0.32% at $1,813/ounce, though it's now trading above the $1,800 mark.