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Gold rebounds, oil prices fall

Gold futures rose Friday, rebounding from a 4.7% six-session loss as crude-oil futures edged lower to trade below $99 U.S. a barrel. Gold for February delivery was up $25.80, or 1.7%, at $1,566.70 U.S. an ounce on the Comex division of the New York Mercantile Exchange. Futures prices are poised for a gain of around 10% for the year.

Meanwhile, February crude oil traded at $98.82 U.S. a barrel on Nymex, down 83 cents, or 0.8%. Crude futures trade around 8% higher year to date