Gold reverses weekly loss as it falls below $1,300

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Source: Bloomberg

Gold reversed some of the losses on speculation that a retreat below $1,300 an ounce could spur metal's demand, after declining for the second straight week. The yellow metal for immediate delivery gained 0.3% to $1,294.48 an ounce and was trading at $1,293.59 as of 8:41 a.m. Singapore time. Bullion for June delivery was little changed at $1,294.50 in New York.

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Fri, 28 Mar 2014 13:56:03 GMT

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