Gold Rebounds Slightly, Does Little to Erase Major Thursday Losses

Reuters reported that, although gold recovered some ground from its Thursday free fall on Friday, it is still on track to post the biggest weekly loss in almost two years.

As quoted in the market report:

But that did little to offset Thursday’s 5.4 percent price crash. Gold is still down more than 7 percent since last Friday, its biggest weekly fall since its drop from record highs in September 2011.

To view the whole Reuters report, click here.