Gold sheds early gains

On Friday, Gold edged down as early bargain hunting subsided and investors turned to currencies for direction.

The press release is quoted as saying:

Spot gold, which hit an intraday high of $1,126.40 an ounce, was at $1,122.95 by 0614 GMT (2:14 a.m. ET), down $2.50 from New York’s notional close. Bullion, about 1.8 percent below a 6- week high near $1,150 seen in early March, was heading for its best weekly gain in four weeks.

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