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Yellow metal ends lower for the week
Gold futures dropped by more than 2% on Friday to post their first weekly loss in a month in what some analysts see as a "typical" pullback in the wake of the metal's rise to record highs earlier this week.
While gold's decline "seems harsh, it's fairly typical behavior for a market that's being driven...largely by Western investor speculation," Brien Lundin, editor of Gold Newsletter, told MarketWatch.
Gold futures dropped by more than 2% on Friday to post their first weekly loss in a month in what some analysts see as a "typical" pullback in the wake of the metal's rise to record highs earlier this week.
While gold's decline "seems harsh, it's fairly typical behavior for a market that's being driven...largely by Western investor speculation," Brien Lundin, editor of Gold Newsletter, told MarketWatch.
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