Gold heads for biggest weekly gain since June

- August 6th, 2010

On Friday, Gold firmed and was on track for its biggest weekly gain since June ahead of the release of U.S. payrolls data, while purchases from jewelers and investors in Asia stirred up the physical market.

On Friday, Gold firmed and was on track for its biggest weekly gain since June ahead of the release of U.S. payrolls data, while purchases from jewelers and investors in Asia stirred up the physical market.

The press release is quoted as saying:

Gold added $3.70 to $1,196.80 an ounce by 1:58 a.m. EDT after rising on Thursday on a weaker dollar and as rising wheat prices stoked fears of inflation, boosting the metal’s safe haven appeal.

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