Gold Snaps Longest Gaining Streak Since April

Bloomberg reported that gold dipped on Friday against a dollar gathering momentum, ending the best run the battered metal has seen since April.

As quoted in the market report:

Gold for immediate delivery fell 0.6 percent to $1,277.96 an ounce by 10:59 a.m. in London. It reached $1,298.73 yesterday, the highest since June 24, and is up 4.5 percent this week. Bullion for August delivery slipped 0.3 percent to $1,276.40 on the Comex in New York. Futures trading volume was 33 percent below the average for the past 100 days for this time of day, according to data compiled by Bloomberg.

To view the whole Bloomberg report, click here.