Gold lower in Asia

September 07, 2013


Gold held near a 2-week low on Friday and was headed for its second week of losses on growing expectations the US Federal Reserve will soon wind down its commodities-friendly bond-buying programme. Gold rose $3.14 an ounce to $1,370.13 by 0606 GMT on short-covering and purchases by the physical sector. It was not far off Thursday’s low of $1,364.91, its weakest since August 22, and was on course to lose 1.7 percent for the week. Courtesy Reuters

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