Gold Rises, Yet Set For Its Biggest Weekly Decline In A Month

Precious-Gold rose on Friday amid speculations the Fed would not raise interest rates next month despite the release of upbeat U.S. second-quarter growth data. The yellow metal hit a high of $1132.91 an ounce, while it currently trading at $1129.90, after opening at $1125.30. The U.S. economy expanded 3.7 percent in the quarter through June, revised up from the preliminary reading of 2.3 percent.

from Energy and Metal Commentaries http://ift.tt/1LFE6w3