Toronto stocks closed modestly higher Friday, as higher resource prices offset investors’ overall jitters over global tensions.

The S&P/TSX composite index gained 28.07, or 0.24%, to 11,630.01.

Six of the 10 TSX main sub-groups were up, with the energy sector up 1.11% and the materials sector advanced 0.39%.

Light, sweet crude futures gained 33¢ to close US$77.03 on the New York Mercantile Exchange as armed conflict continued between Israel and its neighbours.

EnCana Corp. moved up 17¢, or 0.30%, to $57.08.

Gold stocks, a subgroup of materials, rose 1.43%.

Meanwhile, gold for August delivery spiked up $13.60 at US$668 an ounce.

Kinross Gold Corp. gained 33¢, or 2.67%, to $12.70.

The Canadian dollar rose 0.22 of a cent to US88.61¢.

The S&P/TSX Venture composite index lifted 0.15, or 0.01%, to 2,630.52.

In New York, markets continued to fall as investors were shook by higher commodity prices and instability gulfing the Middle East.

The Dow industrials dove 106.94 points, or 1%, to close at 10,739.35. The Nasdaq composite index fell 16.76 points to 2,037.35, its lowest closing level since May 2005. The S&P 500 dropped 6.09 points to 1,236.20.

For the week, the Dow fell 3.2%, the S&P 500 lost 2.3% and the Nasdaq shed 4.4%.