Saturday 29 October 2011

Gold Eases but Posts Biggest Weekly Rise Since 2009


Gold edged lower on Friday on profit taking a day after a deal to contain the euro zone debt crisis triggered a broad rise in equities and commodities, but gold posted its biggest weekly rise since January 2009,

Spot gold finished at $1,743.10 per ounce, almost even with where it ended the previous session at $1,743.95. It retreated from a one-month high of $1,751.99 to spend most of the session modestly lower.



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