gain for the session of $24.10

(**promotion blocked** News) - Gold traders will be keeping tabs on the U.S. dollar next week, with a number of major economic reports on the calendar, as well as watching to see if physical demand starts picking up in response to both a price drop this autumn and any early buying tied to the Chinese New Year in 2015.
Gold stabilized this week after hitting its weakest level of the year on Nov. 7. For the second straight week, the metal was on the defensive before getting a big Friday bounce on short covering. As of the pit close, gold for December delivery was $15.80 higher for the week at $1,185.60 per ounce on the Comex division of the New York Mercantile Exchange. December silver gained 60 cents for the week to $16.314 an ounce.
December gold came into the North American session on Friday with a softer tone due to a mostly stronger U.S. dollar before rallying, posting a gain for the session of $24.10 an ounce.
“Everybody is watching the dollar very closely,” said Afshin Nabavi, head of trading with MKS (Switzerland) SA. “So, all of the news from that area will be closely watched.