Gold posts weekly loss, eyes on Fed

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - Gold edged higher on Friday although the recovery was not enough to erase weekly losses and posted the seventh loss in eight.

    Gold traded between $1,062 and $1,078 an ounce before settling slightly above $1,075, up 0.31% on the session but still down 0.8% for the week. The metal oscillated in a limited range over the last days as investors hold a cautious stance before the Federal Reserve policy decision on Wednesday.

    The metal still hovers near a 6-year low scored at $1,045 an ounce on Dec 3.
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