Gold looks tired, but investors still see value in holding a safe-haven asset over the weekend
From kitco.com
The gold market could continue to see further profit-taking and consolidation through the summer, but Friday’s price action shows that investors still want some exposure to this important safe-haven asset heading into a volatile weekend. The precious metal is ending the week with a significant loss, as investors were quick to liquidate some of their bullish bets when prices failed to hold gains at a three-month high above $3,400 an ounce. Spot gold last traded at $3,364.70 an ounce, down nearly 2% on the week. Meanwhile, silver is relatively outperforming gold even as prices look to close the week below $36 an ounce. ...
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