Friday, 24 May 2013

Bloomberg: Gold Heads for Best Week in a Month as Investors Weigh Stimulus

Gold swung between gains and losses as investors weighed speculation the Federal Reserve will maintain its record stimulus against a continuing decline in investor assets. Prices headed for the best week in a month.

Bullion for immediate delivery rose 0.3 percent to $1,394.80 an ounce at 11:15 a.m. in Singapore after losing as much as 0.3 percent. Prices increased 2.6 percent this week, the biggest advance since the period to April 26. Cash silver was little changed at $22.635 an ounce.

Read more...

No comments:

Post a Comment