Gold on Track for First Weekly Gain in a Month

Reuters reported that gold is on pace to mark its largest weekly advance in a month, as equity markets suffered a blow.

As quoted in the market report:

Gold got a boost this week from a fall in equities, which in Europe posted their biggest one-day drop in nearly a year on Thursday. A rotation out of gold and into stocks this year has helped drive gold prices down 17 percent.

To view the whole Reuters report, click here.