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Gold up for the day, down for the week

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - Gold advanced on Friday, reversing previous day’s decline, as another wave of risk aversion lifted the metal’s appeal as safe-haven.

    Stocks fell sharply across the globe and oil hit fresh 12-year lows following a short-lived bounce the previous day.

    Against this backdrop, the yellow metal gained 1.5% and to finish around $1,090 an ounce. For the week, however, the metal lost around 1% following volatile trading.
    For more information, read our latest forex news.
     

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