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Gold poised for longest weekly slump since September before data

Posted on 04 April 2014

Gold headed for a third weekly decline in the longest run of such losses since September before U.S. economic data that may show the labor market improved, backing the case for reduced monetary stimulus.
Bullion for immediate delivery fell as much as 0.2 percent to $1,284.27 an ounce, and traded at $1,284.61 by 9:28 a.m. in Singapore, declining for a second day, according to Bloomberg generic pricing. The metal is down 0.8 percent this week after sliding to $1,277.79 on April 1, the lowest since Feb. 11………………………………Full Article: Source


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