Gold spot reaches a 3-week high with the best weekly performance this year

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Source: Bloomberg
© Scanpix/Reuters

Gold spot price advanced by 0.4% to $1,738.19 an ounce in Asia trading session on Friday. The price reached the peak since 19th of October and set the best weekly performance since January. Investors were concerned about the European debt crisis and the prospects of the U.S. QE program, what boosted the price of safe haven assets, especially of gold.

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