Gold Prices "Have Good Foundation for Next Move Higher" as Fed "Catalyst" Sets Up Gold for Biggest Weekly Gain in 8 Weeks

Spot market Gold Prices looked set for their biggest weekly gain since early December on Friday, rallying back above $1720 per ounce - a gain of over 3% on the week. Silver Prices meantime hovered around $33.60 per ounce - 4.2% up on last week's close - while other commodities and stocks were broadly flat and US Treasury bond prices slipped. A day earlier, Gold Prices hit a 7-week high at $1730 per ounce before easing in Friday's Asian session.


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