Gold pulls back from near six-year peak in volatile session
- Gold futures on the Comex registered its highest percentage gain since June 2016 on Thursday.
Spot Gold fell close to 2% from its intra-day highs, in a highly volatile session on Friday. Earlier in Asia, prices of the precious metal surged as high as $1412 an ounce on the back of rising tensions in the Middle East, before profit booking pulled gold back below $1400. Gold futures for August delivery on the Comex was down about half a per cent at 9.30 AM GMT, surging as much as $48.10 an ounce in the previous session.