Gold Down, but Heads Towards Fourth Weekly Gain Over Powell Reassurance By Investing.com – Investing.com
- Date: 16-Jul-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
Gold Down, but Heads Towards Fourth Weekly Gain Over Powell Reassurance By Investing.com – Investing.com
By Gina Lee
Investing.com – Gold was down on Friday morning in Asia but was headed for a fourth consecutive weekly gain. The yellow metal was boosted by that any inflation will be transitory and that the central bank would continue to support the economy.
inched down 0.05% to $1,828.10 by 12:20 AM ET (4:20 AM GMT) but gained 1.2% so far this week. The , which usually moves inversely to gold, inched down on Friday.
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