Gold Heads for Third Weekly Loss on Interest-Rate Outlook

Bloomberg reports that Gold fell, heading for a third straight weekly loss.

The market news is quoted as saying:

Gold futures for February delivery fell $3.80, or 0.3 percent, to $1,342.70 an ounce at 10:38 a.m. on the Comex in New York. The metal is down 1.3 percent for the week, after losing a total of 4.3 percent in the previous two weeks.

Click here to access the entire news