Friday, 12 July 2013
Gold heads for biggest weekly gain in two years
REUTERS_SINGAPORE: Gold rose for a fifth session on Friday, on track for its biggest weekly gain in nearly two years on easing fears of an early end to US monetary stimulus that has boosted bullion's appeal as a hedge against inflation.FUNDAMENTALS* Spot gold had climbed 0.1 percent to $1,286.21 an ounce by 0016 GMT. It touched close to $1,300 on Thursday, its highest in three weeks.* Bullion has gained 5 percent so far this week, on course for its largest weekly climb since October 2011.*
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