Friday, 12 July 2013

Market Watch: Gold logs biggest weekly percent gain since 2011

Gold futures finished with a modest loss on Friday to break a four session string of gains, but the metal still scored its best weekly percentage gain in nearly two years.

“Gold, like many other assets, is ebbing and flowing in reaction to stimulus assumptions,” said Jonathan Citrin, founder and executive chairman at investment firm CitrinGroup. And this week, Federal Reserve Chairman Ben Bernanke and crew “leaned once again toward loose policy.”

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