Gold Rebounds, but on Track for Fourth Weekly Loss

Reuters reported that gold inched above $1400 in Friday trading with strong activity from Asian physical buyers, but that the precious metal is still on pace to mark the fourth weekly loss in a row.

As quoted in the market report:

Analysts said more weakness could be on the cards, including further outflows from exchange-traded funds due to nagging worries about central bank sales and the possibility of economic recovery, which would reduce the need for further monetary stimulus.

To view the whole Reuters report, click here.