LATEST NEWS : Gold Set for First Back-to-Back Weekly Gain Since April

Gold was little changed near the highest in more than two weeks as investors weighed whether escalating violence in Iraq will increase demand for the precious metal as a haven.

Gold rallied this week while oil extended gains today and European equities fell as Iraq’s Shiite-led government struggled to retain control of Sunni-majority regions, after army units in northern parts of the country collapsed amid an extremist advance. Bullion increased 5.9 percent this year in part as tension between Ukraine and Russia fueled demand for a haven.

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