Thursday, 11 October 2012

Gold headed for biggest weekly loss in two months


MTECHTIPS

Gold headed for biggest weekly loss in two months

Gold was little changed on Friday, holding on to gains in the previous session when the dollar eased from a one-month high, but bullion was headed for its biggest weekly drop in two months.
* Spot gold was little changed at $1,768.49 an ounce by 0015 GMT, on course for a 0.7-percent weekly loss, its sharpest one-week fall in two months.

* U.S. gold traded nearly flat at $1,770.40

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