Gold rallies as US dollar eases, oil rebounds

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as the U.S. dollar fell against the euro for a second day and oil futures rebounds amid speculation that OPEC may cut its production.

The most active gold contract for December delivery rose 24.1 U. S. dollars, or 2.07 percent, to settle at 1,185.6 dollars per ounce.