10
September
Gold heads for 1st weekly drop in over a month
10 September 2010 Reuters
Gold edged down on Friday, heading for its first weekly decline in more than a month as stock markets gained, but bargain hunting could cushion the fall, with sentiment in the financial markets still fragile.
Gold hit a two-month high above $1,262 an ounce this week on renewed global economic concerns before losing some gains to profit-taking and better-than-expected U.S. data on jobless benefits. Silver was also off its highest since early 2008.
