Gold sets fifth straight weekly gain; ends $1,264

Gold settled higher on Friday as the dollar whipsawed and a global flight from emerging market assets set global stock markets on course for their worst week so far in 2014. The U.S. currency remained wobbly after registering its biggest one-day drop in three months on Thursday. Spot gold¬†hovered near $1,265 an ounce, retreating after […]

Continue reading

Gold: 'It's like summer never happened'

“Gold has rallied steadily for over a week, as investors bid for safe haven assets, due to fears about the possibility of Western military involvement in Syria. As global stock markets flounder, analysts told CNBC that investors appeared to have dismissed the bullion rout that happened just a few months ago. The price of gold […]

Continue reading