Gold futures ended higher on Friday, boosted by a weaker dollar, economic and political uncertainty around the world, as well as the limited prospect of further interest rate rises in the United States. The Federal Reserve should wait on any further rate increases until it is clear inflation is reliably heading to the Fed's 2 percent target, St. Louis Fed President James Bullard said on Friday, highlighting the central bank's struggle over how to weigh a recent slip in the rate of price increases.

Gold futures for August delivery gained $7 or 0.6 percent, to settle at $1,256.40 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.44 percent at $1,255.7 an ounce.

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