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 goldĀ hovered near $1,265 an ounce, retreating after […]

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Demand for physical gold jumps 53% in second quarter

“Global consumers aggressively ramped up purchases of physical gold in the April-June period, led by opportunistic buyers in emerging markets at a time when the precious metal suffered a record quarterly loss, the World Gold Council (WGC) said on Thursday. Consumers around the world bought 53 percent more bullion in the second quarter from the […]

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