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Gold settles above $1,300, gains for the week

Gold futures logged a third-consecutive session gain on Friday, with escalating tensions between Ukraine and Russia and a broad decline in U.S. equities fueling the metal’s first weekly price gain in two weeks. June gold  GCM4 -0.42%  rose $10.20, or 0.8%, for the session to settle at $1,300.80 an ounce on the Comex division of the New York Mercantile Exchange, up 0.5% for the week. Prices hadn’t closed above $1,300 since April 16.

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