Gold rally continues on Friday heading for third straight week of gains

Gold was set for its longest weekly streak of gains in a six-month period on Friday as a demand for the commodity was boosted by unfavourable news about situation in Europe after lawmakers are considering a possibility of shutting down two largest Cypriot banks. March Gold futures were little changed at $1,612.58 an ounce on Friday heading for another week of gains after it reached $1,617.07 yesterday.