Gold lost some steam on Friday (August 16) after investors cashed in profits, causing equities to make gains and pushing the yellow metal down slightly. Despite the small dip, gold is still on track for its third week of gains, thanks to increasing concerns surrounding the possibility of a global recession and ongoing tensions between US and China supporting the precious metal. “There are many investors who fear the next global crisis so there is this a sense of ongoing investment into gold, particularly by central banks,” said SP Angel analyst John Meyer. Although gold is still making weekly gains and staying above ... (full story)